Funding round
Ola Corporate Series H+
Reported as "Series J"
Ola Corporate, which works in corporate travel management services in India, raised $139M in a Series H+ round announced on 8 Dec 2021, led by Edelweiss Finance, at a $7.30B post-money valuation. 14 firms took part. It is Ola Corporate's sixth venture round on record; the one before was a Growth in Jul 2021.
$139M
Amount raised
$7.30B
Post-money valuation
$7.16B pre-money
14
Investors
1 lead
1.0x
Step-up from the Growth
$7.00B in Oct 2017
1.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Ola Corporate at $7.30B after the new money, 1.0 times the $7.00B of its Growth (Oct 2017). The $139M bought investors about 1.9% of the company. It came 5 months after Ola Corporate's Growth. It is 5.6% of the $2.49B Ola Corporate has raised in the venture rounds on record. No later venture round is on record for Ola Corporate.
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 9 Jul 2021 $500M
- Series H+ this round 8 Dec 2021, led by Edelweiss Finance $139M$7.30B post-money
Investors
Who put money in
Edelweiss Finance led the round with 13 other firms.
Lead investor
- backs 5 venture-backed companies new investor
Also in the round
- IIFL new investor
- Siddhant Partners new investor
- Tejal Merchantile new investor
- Hero Enterprise new investor
- Biovet new investor
- M Sashi Badalia and Sons new investor
- Alka Family Trust new investor
- Atul Family Trust new investor
- Vital Real Estate new investor
- Vicco Group new investor
- Equity Acquisition new investor
- IIFL Special Opportunity Fund
- IIFL Monopolistic Market Intermediaries Fund
Comparable rounds
How it compares
The closest in time: Series H+ rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Pharmaceutical Products | 19 Oct 2021 | $40M | not disclosed | SK Securities |
| Discord Tech Companies | 9 Sep 2021 | $500M | $15.00B | Dragoneer Investment Group |
| Tech Companies | 8 Mar 2022 | $200M | $600M | Blackstone |
| Data Solutions | 23 Mar 2022 | $10M | not disclosed | Curql |
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
| DailyHunt Tech Companies | 5 Apr 2022 | $805M | $5.00B | CPP Investments |
| VerSe Tech Companies | 30 Apr 2022 | $563M | not disclosed | not named |
| DailyHunt Tech Companies | 11 Aug 2021 | $451M | $3.00B | not named |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Ola Corporate raise in its Series H+ round?
Ola Corporate raised $139M in its Series H+ round, announced in Dec 2021.
Who led Ola Corporate's Series H+ round?
Edelweiss Finance led it, with IIFL, Siddhant Partners, Tejal Merchantile, Hero Enterprise and Biovet and 8 more.
What was Ola Corporate's valuation at the Series H+ round?
$7.30B post-money ($7.16B pre-money).