Ola has closed the Series F funding raising USD 500 million from Baillie Gifford, China's Didi Kuaidi and existing investors including Falcon Edge Capital, Tiger Global, SoftBank Group and DST Global.
"We will use these funds to further accelerate growth. We are excited about bringing on board partners who can help us get there faster. We will continue to build for the local market through innovative solutions like Ola Share, Ola Prime and Ola Money, as we grow the mobile ecosystem in India," Ola co-founder and CEO Bhavish Aggarwal.
He said the company has grown by over 30 times in the last one year with over one million booking requests a day.
According to sources, Singapore's sovereign wealth fund GIC also participated in the latest round of funding that values the company at about USD 5 billion.
Ola counts SoftBank Group, Tiger Global, Matrix Partners, Steadview Capital, Sequoia India, Accel Partners US and Falcon Edge also among its existing investors.

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