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Varun ravikant , Work in the field of Agriculture and want to Nov, 25 2016

Ola seeking funds at 40% lower valuation, is the reality starting to tickle down finally?


Ride-hailing app Uber's rival Ola is reportedly seeking funding at a 40% lower valuation of around $3 billion. Existing investor SoftBank may join the next round, but not lead it. If the deal goes through, Ola will be India's first unicorn, or billion-dollar startup, to accept funds at a lower valuation.


Ride-hailing app Uber's rival Ola is reportedly seeking funding at a 40% lower valuation of around $3 billion. Existing investor SoftBank may join the next round, but not lead it. If the deal goes through, Ola will be India's first unicorn, or billion-dollar startup, to accept funds at a lower valuation.

Rohit Kumar , Working as a consultant, trying to explore th Nov, 25 2016


It sure seems like, Ola inspite of making remarks on Uber not being able to handle operations in India, is the one which is recently facing issues with its operations. Almost everyone i know uses Uber more, reason being: The quality of service they provide!