How much of Ola does SoftBank own?

Earlier, Ola founder Bhavish had structured a similar deal after rejecting SoftBank’s proposal to invest an additional $1.1 billion in Ola and raise SoftBank stake to over 40 per cent. Aggarwal sought a clause in the agreement that called for veto powers to founders on appointment of a new CEO in the firm.

When did SoftBank Invest in Ola?

In January 2018, the Japanese conglomerate completed its deal to spend about $9 billion to become the largest shareholder in the U.S. ride-hailing giant. Shortly thereafter, SoftBank’s executives floated the idea of a merger between the rivals in India, according to people familiar with the matter.

Is Ola owned by SoftBank?

Bengaluru: When Ola Electric Mobility Pvt. Ltd, the electric vehicle unit spun off from ride-hailing startup Ola, said in July that it had raised about $250 million from SoftBank Group Corp., it became the fastest firm to become a unicorn after Udaan, a business-to-business commerce platform.

What is the stake of Bhavish Aggarwal in Ola?

And here is the most ironic aspect of the Ola Electric valuation: “Today, Aggarwal owns a 40 percent stake in Ola Electric worth $400 million. He owns 6.7 percent of Ola, which puts the value of his holding in the company at $382 million.

Who is the owner of Softbank?

Masayoshi Son (Feb 1986–)
SoftBank Group/CEO

Who is funding Ola Electric?

On September 30, Ola had announced raising more than $200 million from Falcon Edge, SoftBank Group Corp. and others. While that round was closed around June, the official announcement was made recently. The company has previously raised over $600 million from investors, including Tiger Global and Matrix India.

Who invested in Ola cabs?

Temasek and Plum Wood Investment Ltd, an affiliate of private equity fund Warburg Pincus, along with Bhavish Aggarwal are investing $500 million in Ola ahead of its IPO. The IPO will be issued by ANI Technologies, the parent of Ola Cabs, Ola Foods and Ola Financial Services.

Is bhavish Aggarwal married?

Rajalakshmi Aggarwal
Bhavish Aggarwal/Spouse

Is Ola a Chinese company?

4. OLA. It is a mobile app-based transportation network companies. The Chinese car app company ‘Didi Chuying (Didi Kuaidi)’ has invested in Ola.