Led by new investor Baillie Gifford and existing backers, Falcon Edge, Tiger Global, SoftBank Group, DST Global along with strategic investor Didi Kuaidi (a China-based rival of Uber), Ola India acquired its F round of funding for $500 million.
The company said that it would use the new capital to “further accelerate its growth in the Indian market,” reports TechCrunch. The service has grown 30 times over the past year and currently it has 350,000 vehicles on its platform, including regular taxis, high-end ‘Prime’ vehicles, rickshaws, and commuters via a recent ‘Ola Share’ carpooling service.
Bhavish Aggarwal, co-founder and CEO of Ola said, “We will continue to build for the local market through innovative solutions like Ola Share, Ola Prime, and Ola Money, as we grow the mobile ecosystem in India.”
Last updated: December 26th, 2025
