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Ola To Raise $ 36 million from Existing Investors

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Ola Existing Investors,Ola Investors list,Ola largest investor,Ola Indian market,Startup Stories,Latest Business News 2017,Ola CEO,Ola Success Story

Homegrown cab aggregator Ola, is in plans to raise an additional $ 36 million from existing investors according to filings with the Registrar of Companies. The cab hailing operator, which is operated by ANI Technologies Pvt., Ltd., decided to raise these additional funds in a board meeting resolution held on May 29, according to a report in VCCircle.

According to the report, Ola will issue 71,733 shares with a face value of Rs. 10 and a premium value of Rs. 13,511 a piece. The total subscription price will be Rs. 13,521, same as the subscription price allocated in their most recent funding round where they raised $ 104.4 million. Post this round the authorized share capital was also increased from Rs. 5,587.6 crores to Rs. 5,587.8 crores. In accordance with the Registrar of Companies filings, Ola was supposed to raise this sum in the closing hours of May 31 this year. Therefore, it is quite likely that the company may have already raised this amount.

The cab hailing company also raised $ 250 million from the Japanese major Softbank in April this year. The Japanese telecom and Internet giant is currently Ola’s largest investor. In June, the Bengaluru based company raised $ 500 million from a hedge fund based in New York, at a valuation of $ 3.65 billion.

The company was valued at $ 4.8 billion in August 2015, however, by June this year, Ola’s valuation was pegged at around $ 3.5 billion. Earlier this month, it was also reported that multinational technology company Microsoft was also likely to invest $ 50 million to $ 100 million in Ola.  According to reports, this deal would also involve a shift to Microsoft’s cloud computing platform Azure from Amazon Web Services.

Ola has been in an intense battle with global cab aggregator Uber to capture the lucrative Indian cab hailing market. They have also recently launched a bike taxi service called Ola Bike in Kolkata, in an attempt to roll out innovations more suitable for the Indian market.

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Deep-Tech Startup EndureAir Raises INR 25 Crore from IAN Alpha Fund to Boost Drone Innovation

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EndureAir, a deep-tech drone startup specializing in UAV (Unmanned Aerial Vehicles) and aerial robotics solutions, has successfully raised INR 25 crore in a funding round led by IAN Alpha Fund, with participation from IAN Angel Fund. The fresh capital infusion will enable EndureAir to enhance its advanced drone technologies for defense applications, broaden its reach in enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms.

Founded in 2018 by Dr. Abhishek, a professor of Aerospace Engineering at IIT Kanpur, along with his former students Rama Krishna and Chirag Jain, EndureAir stands out in India’s indigenous UAV sector by developing both hardware and software in-house. Backed by over 15 years of rotorcraft research and holding eight patents in flight dynamics and autonomous systems, the company has rapidly established itself as a pioneer in the deep-tech drone ecosystem.

EndureAir’s flagship drone platforms, including the Sabal heavy-lift UAV family inducted by the Indian Army’s Eastern Command and the Vibhram drone supporting Telangana’s Medicine from the Sky program, are deployed in critical operations. The startup also collaborates with Bharat Electronics Limited for co-developing high-altitude drones and works with Bhutan’s Druk Holding & Investments on remote logistics missions. With this funding, EndureAir aims to position India as a global leader in UAV innovation, advancing resilient domestic drone systems for defense and enterprise applications.

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Venture Catalysts Raises Rs 150 Crore to Boost Multi-Stage VC Platform and AI Capabilities

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Venture Catalysts, a leading Mumbai-based venture capital platform, has secured Rs 150 crore (around $18 million) through a strategic mix of primary and secondary transactions. This fresh round of funding resulted in a company valuation of approximately $200 million and drew participation from high-profile investors such as Ashish Kacholia, the Shah Rukh Khan family office, Aishwarya Rai, as well as several established capital market veterans and renowned business houses. The move not only demonstrates strong investor confidence but also positions Venture Catalysts at the forefront of India’s rapidly evolving startup landscape.

The infusion of capital is earmarked to accelerate key initiatives, including expanding Venture Catalysts’ leadership team, launching new investment funds, and exploring advanced technology solutions with an emphasis on AI-enabled due diligence and reporting tools. Additionally, the firm aims to strengthen its footprint across major Indian startup hubs and grow its suite of Category II alternative investment funds, harnessing this growth to support a new wave of promising startups and founders within the ecosystem.

Since its inception in 2016, Venture Catalysts has evolved from an angel network to a multi-fund powerhouse, managing over $500 million in assets and deploying nearly $200 million across more than 400 startups, including industry leaders like BharatPe, Renee Cosmetics, and InsuranceDekho. This latest funding round reinforces Venture Catalysts’ pivotal role in nurturing and scaling some of India’s most innovative startups, catalyzing growth throughout the country’s thriving entrepreneurial sector.

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U.S. AI Startup Anthropic Expands Global Ban to Tackle Chinese Tech Influence

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U.S. AI leader Anthropic has expanded its restrictions on Chinese entities, taking a firm stance against access to its advanced AI models—including the renowned Claude chatbot—by any company or subsidiary more than 50% owned, directly or indirectly, by Chinese organizations. This updated AI policy is designed to block loopholes that previously allowed access to powerful AI tools via overseas affiliates, joint ventures, or cloud providers, reinforcing Anthropic’s commitment to responsible technology governance and the protection of sensitive data.

Driven by rising national security and regulatory concerns, Anthropic’s move highlights potential risks involving companies subject to Chinese jurisdiction, which could be compelled to cooperate with state intelligence and share critical information. The sweeping policy marks the first public, formal ban by a major U.S. AI company based on entity ownership and control, rather than only geographic boundaries, ultimately intensifying scrutiny on AI exports and global tech supply chains.

While the immediate business impact is expected to be modest, experts consider this a landmark decision that may set industry-wide precedents, prompting other U.S. tech giants to reevaluate their own AI export and usage policies. This development not only heightens the U.S.–China tech rivalry but also shapes the future landscape of AI governance, data security, and international compliance in a rapidly evolving digital world.

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