Funding round
Ola Corporate Growth
Reported as "Growth Equity"
Ola Corporate, which works in corporate travel management services in India, raised $500M in a Growth round announced on 9 Jul 2021. 2 firms took part, with 1 individual investor. It is Ola Corporate's fifth venture round on record; the one before was a Growth in Oct 2017.
$500M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Ola Corporate did not disclose a valuation in this round; its last disclosed one was $7.00B at the Growth (Oct 2017). It came 45 months after Ola Corporate's Growth. It is 20% of the $2.49B Ola Corporate has raised in the venture rounds on record. Ola Corporate raised again 5 months later: a Series H+ round of $139M in Dec 2021, at $7.30B post-money.
Ola Corporate's funding rounds
Ola Corporate has 6 venture rounds on record. This one is highlighted.
- Series C 11 Jul 2014, led by Steadview Capital $42M$167M post-money
- Series D 27 Oct 2014, led by SoftBank $210M$1.00B post-money
- Series F 18 Nov 2015, led by Baillie Gifford $500M$5.00B post-money
- Growth 11 Oct 2017, led by Tencent $1.10B$7.00B post-money
- Growth this round 9 Jul 2021 $500M
- Series H+ 8 Dec 2021, led by Edelweiss Finance $139M$7.30B post-money
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- Temasek backs 195 venture-backed companies new investor
- Warburg Pincus backs 76 venture-backed companies new investor
Individual investors: Bhavish Aggarwal.
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Ridesharing:
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Ola Corporate raise in its Growth round?
Ola Corporate raised $500M in its Growth round, announced in Jul 2021.
Which investors took part in Ola Corporate's Growth round?
Temasek and Warburg Pincus.
What was Ola Corporate's valuation at the Growth round?
It was not disclosed; its last disclosed one was $7.00B at the Growth (Oct 2017).
Did Ola Corporate raise again after this round?
Yes: a Series H+ round in Dec 2021 of $139M at $7.30B post-money.