Japanese investor SoftBank has pumped in about Rs 1,675 crore in fresh funding in Indian transportation startup Ola to give it more muscle to take American rival Uber head-on. SoftBank subsidiary SIMI Pacific Pte picked 12,97,945 shares valued at Rs 10 at a premium of Rs 12,895 in ANI Technologie…
Tag: ANI Technologies
Ola to raise $1 billion to fend off Uber
ANI Technologies, the company that owns India’s largest taxi aggregator, Ola, is in talks to raise nearly $1 billion (Rs 6,700 crore) in fresh funding to compete with global rival Uber, which has a war chest for India, ‘the only market that remains open globally. Ola is expected to close th…
Jugnoo launches auto-rickshaw ride pooling service
NEW DELHI: SoCoMo Technologies, which owns and operates auto rickshaw aggregator platform Jugnoo, has launched its rickshaw ride pooling service, Jugnoo Pool, the Chandigarh-headquartered company announced on 3rd June 2016. The announcement came on the same day as ride-hailing app Uber , also the…