Yuri Milner's DST Global has invested $ 185 million in Ola Cabs taxi service
A few weeks ago it became known that DST Global Yuri Milner could invest up to half a billion dollars in an Indian service ordered by a taxi Ola Cabs. A regular round of financing was closed last week: ANI Technologies Private Limited, the owner of Ola Cabs, issued preferred shares to various DST Global funds and other investors for a total of about $ 315 million .
The amount of DST Global investment in a developing search and order service was $ 185 million. The company discloses documents with a list of investors and the amount of investments.
Ola Cabs service occupies 60% of India’s taxi services market. In January 2015 it became known that he was buying a competitor - TaxiForSure, which has 14% of the market. In the battle for the Ola Cabs service, the Uber startup outrun. At the moment, the total amount of investments raised by the Ola Cabs service is $ 718 million.
The amount of DST Global investment in a developing search and order service was $ 185 million. The company discloses documents with a list of investors and the amount of investments.
Ola Cabs service occupies 60% of India’s taxi services market. In January 2015 it became known that he was buying a competitor - TaxiForSure, which has 14% of the market. In the battle for the Ola Cabs service, the Uber startup outrun. At the moment, the total amount of investments raised by the Ola Cabs service is $ 718 million.
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Source: https://habr.com/ru/post/289406/
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