Funding round
Ola Corporate Series D
Ola Corporate, which works in corporate travel management services in India, raised $210M in a Series D round announced on 27 Oct 2014, led by SoftBank, at a $1.00B post-money valuation. 4 firms took part, 3 of them already investors. It is Ola Corporate's second venture round on record; the one before was a Series C in Jul 2014.
$210M
Amount raised
$1.00B
Post-money valuation
$790M pre-money
4
Investors
1 lead
6.0x
Step-up from the Series C
$167M in Jul 2014
21%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ola Corporate at $1.00B after the new money, 6.0 times the $167M of its Series C (Jul 2014). The $210M bought investors about 21% of the company. It came 3 months after Ola Corporate's Series C. It is 8.4% of the $2.49B Ola Corporate has raised in the venture rounds on record. Ola Corporate raised again 13 months later: a Series F round of $500M in Nov 2015, at $5.00B 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 this round 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
SoftBank led the round with 3 other firms. Tiger Global, Matrix and Steadview Capital had backed Ola Corporate before.
Lead investor
- SoftBank new investor
Also in the round
- Tiger Global backs 391 venture-backed companies existing investor
- Matrix backs 129 venture-backed companies existing investor
- backs 29 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 D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Houzz Tech Companies | 1 Oct 2014 | $165M | $2.30B | Sequoia Capital |
| Investment Consultants & Financial Advisors | 29 Oct 2014 | $50M | not disclosed | Corsair |
| Gift Shops | 30 Oct 2014 | $38M | $428M | Norwest |
| Tech Companies | 7 Oct 2014 | $25M | not disclosed | Catalyst Investors |
| Tech Companies | 21 Oct 2014 | $20M | not disclosed | Ignition Partners |
| Tech Companies | 22 Oct 2014 | $12M | not disclosed | not named |
| Casino & Betting | 2 Sep 2014 | $70M | not disclosed | Shamrock Capital |
| Electronical Components Manufacturing | 15 Sep 2014 | $38M | 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 D round?
Ola Corporate raised $210M in its Series D round, announced in Oct 2014.
Who led Ola Corporate's Series D round?
SoftBank led it, with Tiger Global, Matrix and Steadview Capital.
What was Ola Corporate's valuation at the Series D round?
$1.00B post-money ($790M pre-money).
Did Ola Corporate raise again after this round?
Yes: a Series F round in Nov 2015 of $500M at $5.00B post-money.