GeoSpoc: Ola's valuation crosses $7.3 Bn; completes GeoSpoc acquisition for $3.5 Mn

Mobility major Ola continues to defy the normal laws of valuations by scoring $139 million in its ongoing Series J round led by Edelweiss. The new tranche also saw the participation of 20 other investors comprising financial corporations, family offices, individuals and strategic investors.This is the second funding tranche for Ola in 2021. It had announced a $500 million pre-IPO round in July from Temasek, Warburg Pincus and Bhavish Aggarwal.Edelweiss Crossover Opportunity Fund led the new tranche with Rs 250 crore while IIFL Special Opportunity Fund and IIFL Monopolistic Market Intermediaries Fund collectively invested Rs 187 crore, regulatory filings with MCA shows.Continue reading Ola's valuation crosses $7.3 Bn; completes GeoSpoc acquisition for $3.5 Mn at Entrackr.