Ride hailing startup Ola on Wednesday said the company has raised $1.1 billion in fresh funds and is on course to raise about a billion more as part of the current financing round, giving the company ample firepower to stave off Uber.
With its latest round of funding, Ola will be making strategic investments in supply, technology, and cutting edge innovations to build for the country's unique transportation needs.
According to the reports that surfaced last week, among the other backers in Ola's financing round was a VC fund jointly run by the University of California's investment arm, Ratan Tata and a number of US-based institutional investors. Ola also intends to go deeper into the Indian market by increasing its penetration.
The ride hailing company is available in 110 cities across India, providing services such as auto-rickshaws, bikes, and vehicles equipped with connected car platform Ola Pay.
Sex With Wife Aged Under 18 Years To Be Considered Rape: SC
Immunity can not be allowed to a husband who is having sexual intercourse with his wife in this age group, said the court. In the ruling, the Court also said that exempting married women aged between 15 and 18 from this rule is unconstitutional.
The company is in advanced talks with US-based financial investors for the second tranche, which would also include funds from existing investors, a source close to the company said, declining to be identified as the talks were not yet finalised. Earlier this year, Uber exited direct operations in Russian Federation. The transportation and mobility industries are seeing huge changes globally.
Tencent President Martin Lau said as Ola's offerings were tailored to meet the country's transportation needs, the partnership would enable his firm to be part of the growing ride-hailing space. Bhavish Aggarwal, chief executive officer and a founder of Ola said in a press statement.
The latest funding in Ola is also a clear sign of the largest investors in India's start-up ecosystem closing and consolidating ranks, with Alibaba and SoftBank forging an informal alliance of sorts on one hand, and Tencent and Naspers combining forces on the other. Our ambition is to build a globally competitive and futuristic transportation system in India that will support and accelerate a nation on the move. It recently invested in Grab, Uber's rival in Singapore, and has a stake in Didi Chuxing in China. Ola says that it is developing sustainable transportation solutions in the interest of solving long-term problems around congestion and pollution.
He added: "The then government fixed its revenue share as a way out". "The increased sale will compensate losses to some extent". The Central government had earlier instructed the state governments to bring down the taxes to help the consumers.
The company says, "We securely transmit analytics in two different streams over HTTPS to an Amazon server". So we dont now know if the same thing is occurring in the more current OnePlus 3T or OnePlus 5 models.
It's actually pretty close to Reinhardt's emote form previous year , if you just replace pumpkins with fire-hot melted metal. Starting today, October 10th and continuing until November 1st, Blizzard will be hosting a Halloween event in Overwatch .
However, T-mobile offers a promotion this year that is the vast enhancement compared to the last year's promotion. Start the countdown, friends, because in 10 days, you'll be able to walk into a storefront hosted by Google .
Then-San Francisco 49ers quarterback Colin Kaepernick launched the form of silent protest past year . If a player chooses to disrespect the flag, he will not play in the game-and it's as simple as that.
A number of investment brokers have recently updated their price targets on shares of Annaly Capital Management Inc (NYSE: NLY ). Norges Bank acquired a new stake in Annaly Capital Management during the fourth quarter valued at approximately $100,891,000.
Shares of PNC are building support at $134, which has turned into a clear point of interest of the chart traders in the market. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.
An employee works in the virus lab at the headquarters of Russian cyber security company, Kaspersky Labs, in Moscow. The New York Times said its information had come from current and former government officials.
After the Yankees blew a five-run lead and lost Game 2 in 13 innings on Friday night, it appeared their days were numbered. The Indians took the first two games in Cleveland, then the series shifted to NY , where the Yankees won Games 3 and 4.
In recent days, Lil B has been Facebooking/tweeting similar thoughts about his belief that "love" can conquer racism. Lil B commented on the matters himself tweeting out that he had been banned for " talking about white people ".
Ed Angelinas, former commanding officer of the USS McCampbell, was named acting commanding officer of the McCain. "Cmdr. McCain "were relieved of their duties" on Wednesday, the Pacific-based US Seventh Fleet said in a statement .
UEFA Nations League composition announced
The top four-ranked teams that do not qualify for Euro 2020 will contest a play-off in March 2020, with one finals place on offer. The four bottom teams in their respective groups will be relegated to League B for the 2020 edition.
Sydney woman picks up shark from rockpool
She joked while speaking on the show that "As a real estate agent I'm used to relocating people and this was similar". The video was uploaded to Facebook and viewed nearly 20,000 times in 24 hours.
Child left behind at Utah corn maze
Police said a mother didn't realize until the next morning that she had left her 3-year-old at a corn maze the night before. No charges have been laid against the parents yet, but local police say the case is still being investigated.
Superstars Who Could Still Miss 2018 World Cup
Petersburg, Sochi, Kazan, Saransk, Kaliningrad, Volgograd, Rostov-on-Don, Nizhny Novgorod, Yekaterinburg and Samara. The country selected 11 host cities to be the venues for the matches of the 2018 World Cup and they are Moscow, St.