How Ola is hunkering down to ride out the storm

How Ola is hunkering down to ride out the storm

Ola co-founder and CEO Bhavish Aggarwal. Photo: Mint

Late last year, transportation platform Ola (ANI Technologies Pvt Ltd) began approaching investment firms for a new round of capital. It was seeking $500 million in what the company told investors would be its final fundraiser before an initial public offering (IPO), people familiar with the matter said.