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11 October 2017

Ola collects $1.1bn fare

Tencent has led a $1.1bn round for Ola that included SoftBank, and the Indian ride hailing service is aiming to boost the round to $2bn.

Author: Robert Lavine, News Editor

India-based on-demand ride provider Ola confirmed today that it has raised $1.1bn in a funding round led by internet company Tencent.