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Ola has curbed SoftBank’s ability to raise its stake. Ola’s chief executive would prefer to raise cash from new investors. If that fails, Ola may have to rely on SoftBank for capital.

Tue, Sep 25 2018. 10 45 AM IST

How $1 billion fresh capital can fuel Ola’s expansion

Last year, cab-hailing service Ola secured $1 billion in fresh capital from marquee investors including Tencent and SoftBank. The start-up is in talks to raise another $1 billion to fund its expansion strategy across various businesses. Mint gives you the low-down.

Mohit Gulati, managing general partner at ITI Growth Opportunities Venture Fund.

Mon, Sep 24 2018. 11 40 PM IST

Why Ola is in ITI Growth Opportunities’ anti-portfolio

That Ola’s valuation trebled in a matter of two weeks didn’t make sound investment logic for ITI Growth Opportunities, says Mohit Gulati

Ola founder and CEO, Bhavish Aggarwal. Ola needs to attract new investors if it wants to avoid raising more capital from SoftBank.

Mon, Sep 24 2018. 06 36 AM IST

Ola in funding talks with Naspers at a valuation of $7-8 billion

Besides Naspers, Ola is also in talks with Singapore's Temasek Holdings Ltd and two other funds to raise $1 billion in fresh capital

Photo: Mint

Thu, Sep 20 2018. 11 28 PM IST

Investor rethink on creating environment for ethical investing

Investments in alternative assets continue to be loud, but are producing diminishing returns increasingly

Wang Xing, co-founder, of China’s Meituan Dianping hits the gong during the debut of the company at the Hong Kong Exchange, on 20 September. Photo: Reuters

Thu, Sep 20 2018. 05 03 PM IST

Silicon Valley waits as China’s unicorns race to public markets

Five initial public offerings have helped at least 16 tech bigwigs ring up a combined $48 billion of net worth at the time of the IPOs

Photo: Mint

Tue, Sep 18 2018. 10 42 PM IST

Opinion | The irresistible charm of controlling prices

Price controls have an irresistible charm for policymakers. Even after learning the hard way that they don’t work, they are always in fashion

Ola has raised $50 million at a valuation of $4.3 billion from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund. Photo: Pradeep Gaur/Mint

Tue, Sep 18 2018. 12 28 PM IST

Ola forays into New Zealand in latest overseas push

Brian Dewil has been appointed as country manager for Ola’s New Zealand operations

The merged entity, comprising two relatively stronger banks and a weak one, will be the third-largest lender in India after State Bank of India and HDFC Bank Ltd. Photo: Pradeep Gaur/Mint

Tue, Sep 18 2018. 11 29 AM IST

Deals Buzz: Bank of Baroda, Dena, Vijaya Bank to merge

In other deals news, Ola has raised $50 million at a valuation of roughly $4.3 billion from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF)

In the last decade, IBM has fired thousands of people in the US, Canada and other high-wage jurisdictions in an effort to cut costs. Photo: Bloomberg

Mon, Sep 17 2018. 10 36 PM IST

IBM faces age discrimination lawsuit after firing thousands

The lawsuit claims that over the last several years, IBM has been in the process of systematically laying off older employees in order to build a younger workforce

Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing services. Photo: Reuters

Mon, Sep 17 2018. 09 17 PM IST

Uber is said in talks to acquire Dubai ride hailing firm Careem

A deal could value Careem at $2 billion to $2.5 billion

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