Funding round
Ola Corporate Series F
Ola Corporate, which works in corporate travel management services in India, raised $500M in a Series F round announced on 18 Nov 2015, led by Baillie Gifford, at a $5.00B post-money valuation. 7 firms took part, 5 of them already investors. It is Ola Corporate's third venture round on record; the one before was a Series D in Oct 2014.
$500M
Amount raised
$5.00B
Post-money valuation
$4.50B pre-money
7
Investors
1 lead
5.0x
Step-up from the Series D
$1.00B in Oct 2014
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ola Corporate at $5.00B after the new money, 5.0 times the $1.00B of its Series D (Oct 2014). The $500M bought investors about 10% of the company. It came 13 months after Ola Corporate's Series D. It is 20% of the $2.49B Ola Corporate has raised in the venture rounds on record. Ola Corporate raised again 23 months later: a Growth round of $1.10B in Oct 2017, at $7.00B 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 27 Oct 2014, led by SoftBank $210M$1.00B post-money
- Series F this round 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
Baillie Gifford led the round with 6 other firms. Baillie Gifford, Falcon Edge Capital, Tiger Global and SoftBank Group and 1 more had backed Ola Corporate before.
Lead investor
- Baillie Gifford existing investor
Also in the round
- Didi Kuaidi new investor
- Falcon Edge Capital existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- SoftBank Group existing investor
- DST Global backs 179 venture-backed companies existing investor
- GIC backs 98 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Food delivery | 28 Aug 2015 | $630M | not disclosed | CITIC Capital and Hualian |
| Tech Companies | 26 Aug 2015 | $82M | not disclosed | Premji Invest and GE Ventures |
| Real Estate Investment | 9 Mar 2016 | $430M | $16.00B | Legend Holdings |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Ola Corporate raise in its Series F round?
Ola Corporate raised $500M in its Series F round, announced in Nov 2015.
Who led Ola Corporate's Series F round?
Baillie Gifford led it, with Didi Kuaidi, Falcon Edge Capital, Tiger Global, SoftBank Group and DST Global and 1 more.
What was Ola Corporate's valuation at the Series F round?
$5.00B post-money ($4.50B pre-money).
Did Ola Corporate raise again after this round?
Yes: a Growth round in Oct 2017 of $1.10B at $7.00B post-money.