Tata invests 400 crores in Ola

Homegrown transportation network company, Ola has reportedly raised Rs 400 crore from RNT Capital Advisors. Noticeably, RNT Capital Advisors was a venture capital firm floated by Tata Group’s Chairman Ratan Tata. Ola is said to use a huge sum from this investment to fight its arch rival Uber. Currently, Ola operates in over 100 cities with more than 5 lakh vehicles.

 

 

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