DST Global Yuri Milnera can invest up to half a billion dollars in the Indian taxi service Ola Cabs
The DST Global Yuri Milnera Foundation can lead a $ 500 million investment round in the Ola Cabs taxi service, reports The Times of India. An Indian startup planning to devour a competitor in the face of TaxiForSure, after the round, can be estimated by investors at $ 2.5 billion.
According to the source of The Times of India, the parties are working on the financing conditions of Ola Cabs with the Yuri Milner DST Global fund. As part of the round, a startup will receive up to half a billion dollars. Telecommunications company Softbank and venture funds Tiger Global, Matrix Partners, Steadview Capital and Sequoia Capital have already invested in Ola Cabs. Yuri Milner has already invested in Ola Cabs in September last year as a private person.
Ola Cabs occupies 60% of India’s taxi services market and is estimated at one billion dollars. January 29, the media reported that the service buys a competitor - TaxiForSure, which has 14% of the market - for two hundred million dollars in cash and shares. In the fight for the service, Ola Cabs has bypassed the largest service to search for Uber taxis , as Uber shares will grow slower, and Ola has a huge potential.
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The population of India is 1.3 billion people, of which 2% own a private car. The number of mobile subscribers is 944 million, and more than 300 million use the Internet.
According to the source of The Times of India, the parties are working on the financing conditions of Ola Cabs with the Yuri Milner DST Global fund. As part of the round, a startup will receive up to half a billion dollars. Telecommunications company Softbank and venture funds Tiger Global, Matrix Partners, Steadview Capital and Sequoia Capital have already invested in Ola Cabs. Yuri Milner has already invested in Ola Cabs in September last year as a private person.
Ola Cabs occupies 60% of India’s taxi services market and is estimated at one billion dollars. January 29, the media reported that the service buys a competitor - TaxiForSure, which has 14% of the market - for two hundred million dollars in cash and shares. In the fight for the service, Ola Cabs has bypassed the largest service to search for Uber taxis , as Uber shares will grow slower, and Ola has a huge potential.
')
The population of India is 1.3 billion people, of which 2% own a private car. The number of mobile subscribers is 944 million, and more than 300 million use the Internet.
Source: https://habr.com/ru/post/286260/
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