On July 28th news, according to foreign media reports, according to two people familiar with Chinese Internet giant Tencent (Tencent) may be the most important investment projects in India in India, the local taxi start-up company Ola invested $400 million (more than 25 million rupees), which will promote the Ola valuation of $4 billion.
The money from the Tencent will provide Ola with much-needed firepower. Since last year, Ola has been raising money, and hopes to get support from heavyweight investors to offset Softbank's dominance in Ola's largest shareholder.
In 2016, Softbank offered $1 billion in cash to Ola for $3 billion 500 million, far below the previous $4 billion 500 million valuation. Although Ola continued to talk to other investors and rejected the $1 billion offer at the time, he eventually received $250 million in checks from Softbank, which lost $3 billion in value last November.
An unnamed insider said:
According to foreign media statistics, Ola has raised $1 billion 700 million from investors, including from Softbank group's $250 million investment in the United States, as well as Falcon Edge and Tekne Capital fund Management fund.
It is reported that the Tencent is currently large-scale foreign investment, had also traced to the Indonesian taxi company Go-Jek invested about $150 million, when asked by foreign media this investment case, the Tencent said at the time will be at the appropriate time to respond, did not provide details.