Ola's financial services unit raises about Rs 200 crore in the maiden funding round


Ola Financial Services Pvt Ltd, has raised fresh funding of Rs.200 crore from Matrix Partners and Flacon Edge in its on-going funding round.


This news was reported by 'livemint' on May 26, 2020.


Ola Cabs is an Indian ridesharing company (TNC) offering services that include peer-to-peer ridesharing, ride service hailing, taxi and food delivery. The company is based in Bengaluru, Karnataka, India and was developed by ANI Technologies Pvt. Ltd. 


Separately, the financial services arm’s chief executive Nitin Gupta resigned from his position on Tuesday.