Funding round
Ola Corporate Series C
Ola Corporate, which works in corporate travel management services in India, raised $42M in a Series C round announced on 11 Jul 2014, led by Steadview Capital, at a $167M post-money valuation. 4 firms took part, 3 of them already investors. It is Ola Corporate's first venture round on record.
$42M
Amount raised
2,500,000,000 INR converted
$167M
Post-money valuation
4
Investors
1 lead
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ola Corporate at $167M after the new money. The $42M bought investors about 25% of the company. It is Ola Corporate's first venture round on record, 4 years after it was founded in 2010. It is 1.7% of the $2.49B Ola Corporate has raised in the venture rounds on record. Ola Corporate raised again 3 months later: a Series D round of $210M in Oct 2014, at $1.00B post-money.
Ola Corporate's funding rounds
Ola Corporate has 6 venture rounds on record. This one is highlighted.
- Series C this round 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 9 Jul 2021 $500M
- Series H+ 8 Dec 2021, led by Edelweiss Finance $139M$7.30B post-money
Investors
Who put money in
Steadview Capital led the round with 3 other firms. Sequoia Capital, Tiger Global and Matrix had backed Ola Corporate before.
Lead investor
- backs 29 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies existing investor
- Tiger Global existing investor
- Matrix backs 129 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| BlaBlaCar Buses, Shuttles & Local Transit | 2 Jul 2014 | $100M | not disclosed | Index Ventures |
| Garbage Collection & Waste Disposal | 1 Jul 2014 | $32M | not disclosed | ABS Capital |
| Tech Companies | 2 Jul 2014 | $25M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 23 Jul 2014 | $25M | not disclosed | Piton Capital |
| Tech Companies | 30 Jul 2014 | $24M | not disclosed | NewSpring |
| Tech Companies | 7 Jul 2014 | $9.0M | not disclosed | Chrysalis Ventures |
| Digital & Marketing Agencies | 8 Jul 2014 | $9.0M | not disclosed | Baird Capital |
| Payment Processing & Point of Sale | 14 Jul 2014 | $6.8M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Ola Corporate raise in its Series C round?
Ola Corporate raised $42M in its Series C round, announced in Jul 2014.
Who led Ola Corporate's Series C round?
Steadview Capital led it, with Sequoia Capital, Tiger Global and Matrix.
What was Ola Corporate's valuation at the Series C round?
$167M post-money.
Did Ola Corporate raise again after this round?
Yes: a Series D round in Oct 2014 of $210M at $1.00B post-money.