Why Ola founder Bhavish Aggarwal turned down $1.1 billion SoftBank deal5 min read . Updated: 09 Apr 2019, 10:39 AM IST
- Ola co-founder Bhavish Aggarwal is fighting to maintain his independence against SoftBank Group Corp
- Aggarwal has grown concerned about its influence as SoftBank took a stake in his archrival, Uber Technologies Inc., and then encouraged the rivals to merge
Startups, when they raise venture money to build their businesses, begin with a Series A round and then proceed through Series E, F or maybe G before going public. The Indian ride-hailing service Ola is a bit unusual: It just completed its Series J fundraising and is marching toward Series K, a letter almost unheard of by researchers that track such things.
Select your Category