Ola Revenue, Valuation, Funding & Investors
Ola is valued at $70M as of June 2026, a 0.5x multiple on its last reported $140M revenue.
Last Ola valuation
$70M
Secondary · Jun 2026
Last Ola funding round
$20M
Series J · Feb 2022
Ola revenue
$140M
Secondary · Jun 2026
Key investors in Ola
Tiger Global
SoftBank Group
Steadview Capital
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RNT CapitalAccel
Peak XV Partners
About Ola
Ola, operating as ANI Technologies, is a Bengaluru-based ride-hailing company founded in 2010 by Bhavish Aggarwal and Ankit Bhati. Beyond ride-hailing, the company has expanded into food delivery through Ola Foods and electric vehicles through its Ola Electric arm. It competes primarily with Uber in the Indian market, alongside newer entrants such as Rapido.
Founded
2010
HQ
BangaloreWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$140M (Jun 2026)
Valuation
$70M (Jun 2026)
Ola Valuation
Ola is currently valued at $70M, based on its secondary sale in June 2026.
The round included Vanguard Group.
Ola's valuation has moved from $240M at its Series C in July 2014 to $70M in June 2026, across 15 priced rounds.
Ola valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2026 | Secondary | $70M | 0.5x |
| Dec 2021 | Series J | $7.3B | 56.6x |
| Feb 2019 | Series J | $5.8B | 10.8x |
| Jan 2019 | Series J | $5.7B | - |
| Sep 2018 | Undisclosed stage | $4.3B | 24.2x |
| Aug 2018 | Secondary | $4.3B | 24.2x |
| Oct 2017 | Undisclosed stage | $6B | 43.5x |
| Aug 2017 | Undisclosed stage | $3.6B | - |
| Jun 2017 | Undisclosed stage | $3.6B | - |
| Feb 2017 | Undisclosed stage | $3.5B | 27.8x |
| Dec 2015 | Series G | $4.2B | - |
| Nov 2015 | Series F | $5B | - |
| Apr 2015 | Series E | $2.5B | 61.0x |
| Oct 2014 | Series D | $1B | 4.0x |
| Jul 2014 | Series C | $240M | - |
Ola Revenue
Ola's latest recorded revenue is $140M, as of its secondary sale in June 2026. At a $70M valuation, that implies a 0.5x revenue multiple.
Revenue moved from $253M in October 2014 to $140M in June 2026, while the revenue multiple moved from 4.0x to 0.5x.
Ola revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2026 | $140M | $70M | 0.5x | Secondary |
| Dec 2021 | $129M | $7.3B | 56.6x | Series J |
| Feb 2019 | $536M | $5.8B | 10.8x | Series J |
| Sep 2018 | $178M | $4.3B | 24.2x | Undisclosed stage |
| Aug 2018 | $178M | $4.3B | 24.2x | Secondary |
| Oct 2017 | $138M | $6B | 43.5x | Undisclosed stage |
| Feb 2017 | $126M | $3.5B | 27.8x | Undisclosed stage |
| Apr 2015 | $41M | $2.5B | 61.0x | Series E |
| Oct 2014 | $253M | $1B | 4.0x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Ola Funding History
Ola has raised a total of $4.1B across 23 funding rounds, plus 2 secondary share sales.
Ola's first fundraising round was a $3M seed round in July 2013. The most recent completed round was a $20M Series J in February 2022.
Ola funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Secondary | Vanguard Group | - | $70M | - |
| Feb 2022 | Series J | Arrow Capital Partners (lead); Axis Asset Management Company (lead); Segantii Capital Management (lead) | $20M | - | Ola, the Indian ride-hailing company founded by Bhavish Aggarwal, raised approximately USD 20 million (INR 1,500,000,000) in a Series J round on February 2022, led by Arrow Capital Partners, Axis Asset Management Company, and Segantii Capital Management. This was part of a broader pre-IPO fundraising effort as Ola planned to go public that year, with the post-money valuation at the round cited as $7.15-7.3 billion. A prior tranche of the same Series J in December 2021 raised USD 139 million led by Edelweiss Financial Services at a $7.3 billion valuation. Ola has raised over $5 billion across 31 funding rounds historically, with total Series J activity contributing significantly to its $1.66 billion aggregate. The February 2022 round provided capital amid Ola's expansion in ride-hailing, food delivery via Ola Foods, and emerging electric vehicle ambitions through Ola Electric. Ola faced competitive pressures in India from Uber and emerging players like Rapido, with subsequent valuation markdowns by investors like Vanguard to $1.25 billion by 2025 amid IPO delays. Ola Electric, its EV arm, raised separately, achieving $373 crore revenue in FY22 but with widening losses. |
| Dec 2021 | Series J | Edelweiss Financial Services (lead); Biovet; Hero Enterprise; Brijesh Agrawal; Siddhant Partners; IIFL Finance; Tejal Merchantile | $139M | $7.3B | Ola, the Indian ride-hailing company founded by Bhavish Aggarwal and operating as ANI Technologies, raised $139 million in a Series J round on December 8, 2021, led by Edelweiss Private Equity with participation from IIFL, Siddhant Partners, Tejal Merchantile, Hero Enterprise, Brijesh Agrawal, and others. The round valued Ola at $7.3 billion, as stated in regulatory filings reported by TechCrunch and confirmed by subsequent analyses from Vanguard and others referencing the transaction. This pre-IPO funding came ahead of Ola's planned public listing, following a secondary share sale earlier in 2021 to Warburg Pincus and Temasek at a $3.5 billion valuation. Ola's consolidated operating revenue for fiscal year 2021 (ending March 2021) stood at $129 million, down significantly from over $360 million in FY 2020 due to COVID-19 impacts, according to regulatory disclosures cited by Asia Tech Daily. The company reported crossing pre-pandemic GMV levels by late August 2021, with recovery accelerating post-second wave. The company reported first operating profit of Rs 89.82 crore in FY 2021 amid revenue contraction. Post-round, investor Vanguard repeatedly marked down Ola's valuation, from $4.8 billion in May 2023 to $3.5 billion in August 2023, $1.9 billion in early 2024, and further to around $1.88-2 billion by 2026, reflecting 74% decline from the $7.3 billion peak. Ola has raised over $5 billion total from investors like SoftBank and Tiger Global, positioning it as a key competitor to Uber in India while expanding into food delivery, financial services, and EVs. |
| Jul 2021 | Undisclosed stage | Temasek (lead); Bhavish Aggarwal; Fort Canning Investments; Warburg Pincus | $500M | - | - |
| Sep 2019 | Series J | ARK Ola Pre IPO Private Investment Trust (lead) | $5M | - | - |
| Jul 2019 | Series J | Deshe Holdings (lead); DIG Investment (lead); Jabbar Internet Group; Hussam Khoury; Trog Hawley Capital | $11M | - | Ola, the Bengaluru-based ride-hailing company founded in 2010 by Bhavish Aggarwal and Ankit Bhati, raised $11.37 million (INR 79.93 crore) in July 2019 as part of its ongoing Series J funding round. Lead investors Deshe Holdings and DIG Investment Ab participated, alongside individual investors Samih Toukan, Hussam Khoury, and Samih Abdel Rahman, co-founders of Dubai-based Jabbar Internet Group. Shares were issued at a premium of INR 21,240 per share with a nominal value of INR 10. This tranche formed part of Ola's broader Series J round, which had already secured $472 million including investments from Hyundai Motor Company and Kia Motors. The funds supported general business purposes amid Ola's expansion in ride-hailing services. By mid-2019, Ola reported daily rides reaching 3.65 million, up from 3.5 million in 2018. Ola had raised over $3.8 billion cumulatively from investors like SoftBank, Ratan Tata, Sequoia Capital, and Accel by this time. The company operated in a competitive market, focusing on diversification and pre-IPO preparations, with later tranches in Series J from funds like ARK Ola Pre-IPO Private Investment Trust. |
| Mar 2019 | Strategic investment | Hyundai (lead); Kia (lead) | $300M | - | Ola, India's largest ride-hailing platform, raised $300 million in a corporate round in March 2019 from lead investors Hyundai Motor Company and Kia Motors. This funding formed part of a strategic partnership to develop India-specific electric vehicles, charging infrastructure, and customized fleet solutions for Ola's operations. The collaboration aimed to support Ola's expansion into electric mobility, including financing and insurance benefits for driver-partners to lower ownership costs. The investment brought Ola's total funding to approximately $3.8 billion at the time, following a recent $56 million raise for its Ola Electric Mobility spin-out. Ola hosted over 1.3 million driver-partners and targeted growth to two million drivers while deploying one million EVs by 2022, alongside initiatives like adding 10,000 electric rickshaws. Hyundai viewed the partnership as key to its global mobility strategy, transforming into a smart mobility solutions provider. The focus was on joint EV development amid India's push toward 30% electric vehicles by 2030. Subsequent developments included Hyundai and Kia reducing stakes in Ola Electric by 2025, selling for $80 million amid stock declines and competitive pressures, but the 2019 investment centered on foundational EV infrastructure in India. |
| Feb 2019 | Series J | Sachin Bansal (lead) | $91M | $5.8B | Ola, operated by ANI Technologies Pvt. Ltd. and founded by Bhavish Aggarwal, is India's leading cab-hailing platform competing fiercely with Uber, while expanding into food delivery, electric vehicles, and international markets like Australia and the UK. In February 2019, Flipkart co-founder Sachin Bansal invested Rs 650 crore ($92 million) personally in Ola as part of its larger Series J funding round, which also included $74-75 million from Steadview Capital and aims to raise up to $2 billion total. This marked Bansal's largest individual investment post-Flipkart's sale to Walmart. The investment was structured with an initial Rs 150 crore ($21 million) tranche in January 2019 via 70,588 Series J preference shares at Rs 21,250 each, followed by the balance, potentially granting Bansal a board seat. TechCircle estimated the deal valued Ola at $5.8 billion post-money, a slight increase from $5.7 billion in the prior Steadview tranche, with other reports citing around $6 billion or $6.5 billion for the round. No specific post-money valuation was directly confirmed by Ola, but estimates consistently placed it near these figures. Funds were earmarked for boosting electric vehicle initiatives, expanding Ola's food delivery arm (competing with Zomato, Swiggy, Uber Eats), and strengthening international presence amid intense rivalry with Uber in India. This round followed prior raises like $1.1 billion in 2017 from Tencent and SoftBank, and $50 million in 2018 at $4.3 billion valuation. Ola positioned itself as a global mobility player serving a billion Indians. Later developments included Bansal reportedly seeking to sell his stake at a $4 billion valuation premium around 2024, amid Ola's valuation dropping to $2 billion per Vanguard, with rebranding to Ola Consumer. However, the 2019 round underscored Ola's unicorn status and aggressive growth strategy in ride-hailing and adjacent services. |
| Feb 2019 | Series J | J3T Ventures; Raymond S Cahnman; Lyon Assets; Tina Price; Townsquare Media | $16M | - | - |
| Jan 2019 | Series J | Steadview Capital (lead); SoftBank Group; GIC; Sachin Bansal; Tiger Global; Alpha Wave Global; Accel | $95M | $5.7B | - |
| Jan 2019 | Strategic investment | Eternal Yield International (lead) | $2M | - | - |
| Sep 2018 | Undisclosed stage | China Eurasian Economic Cooperation Fund (lead); Sailing Capital (lead) | $50M | $4.3B | Ola, an Indian ride-hailing company and Uber rival, raised $50 million in September 2018 from Sailing Capital and China-Eurasian Economic Cooperation Fund (CEECF) at a $4.3 billion valuation, as disclosed in regulatory documents reviewed by Mint. The investors acquired a combined stake of more than 1%. This round followed Ola's larger October 2017 raise of $1.1 billion from Tencent and SoftBank, with plans for an additional $1 billion to reach $2.1 billion total at a projected $7 billion post-money valuation, though the 2018 deal valued it lower at $4.3 billion. Ola has raised over $3.3 billion across 16 rounds from investors including Tencent, Didi Chuxing, SoftBank, Temasek, and others. The company operates primarily in India, with expansions to Australia, the UK, and New Zealand, and has diversified into food delivery via the Foodpanda India acquisition and public transport ticketing with Ridlr. Financially, Ola reported revenue of INR 1,286 crore ($178 million) in 2017, up 51% from INR 758 crore ($118 million) in FY2016, generated from 20% commissions on bookings and subscriptions. Losses widened to INR 2,313.7 crore ($359.5 million) in 2016 from INR 796 crore ($123.7 million) in 2015. |
| Aug 2018 | Secondary | Temasek (lead) | $225M | $4.3B | Ola is a ride-hailing platform operating across India and other markets, offering transportation services and multiple service categories including food delivery through subsidiary Foodpanda. In August 2018, Singapore-based Temasek Holdings purchased a large single-digit stake in Ola through a secondary transaction valued at $225 million, acquiring shares from existing shareholders including early investors and employees. The company was valued at approximately $4.3 billion at the time of a fresh funding round in September 2018, when it raised $50 million. Ola's fiscal year 2017 revenue reached $178 million (INR 1,286 crore), up 51% from the prior year, and the company was operating in 110 cities with over 1 million driver partners serving approximately 2 million daily passengers. The company had raised a total of $3.3 billion across 16 funding rounds from major investors including SoftBank, Tencent Holdings, Sequoia Capital, and Tiger Global Management, and was focused on achieving profitability while expanding internationally and developing electric vehicle capabilities. |
| Oct 2017 | Undisclosed stage | SoftBank Group (lead); Tencent (lead); RNT Capital | $1.1B | $6B | Ola (ANI Technologies), India's homegrown cab aggregator, reported revenue of ₹1,286 crore for FY17 (year ended March 31, 2017), marking a 70% year-over-year increase, according to company filings. |
| Aug 2017 | Undisclosed stage | Tekne Capital (lead) | $36M | $3.6B | Ola, the Bengaluru-based cab aggregator founded by Bhavish Aggarwal and Ankit Bhati in 2011, operates ride-hailing services across 102 cities with over 500,000 vehicles including cabs, auto-rickshaws, and taxis, alongside shared mobility options like Ola Shuttle and Ola Share. In August 2017, Ola raised approximately $36 million from New York-based hedge fund Tekne Capital Management as part of an ongoing funding round, following a prior $50 million tranche from the same investor in June 2017 and other investments from Falcon Edge Capital and RNT Capital earlier that year. This Tekne investment contributed to pushing Ola's post-money valuation to about $3.65 billion, up from $3.5 billion set in a February 2017 $350 million round. The funding came amid competitive pressures in India's ride-hailing market, where Ola held around 65% share against Uber, while the company burned significant cash on promotions, reporting consolidated losses of $360 million (INR 2,313 crore) in FY16. Ola had previously raised substantial capital, including $260 million from SoftBank in late 2016 and $500 million in its Series F in November 2015, bringing total equity funding to about $2.4 billion across 10 rounds from investors like Tiger Global, Matrix Partners, and Didi Kuaidi. The down round reflected a valuation drop from $4.8 billion in August 2015, but momentum built with additional talks involving investors like Coatue Management. |
| Jun 2017 | Undisclosed stage | Tekne Capital (lead) | $50M | $3.6B | Ola (ANI Technologies Pvt. Ltd.), founded in 2011 by Bhavish Aggarwal and Ankit Bhati, is an Indian cab aggregator operating in 102 cities with over 500,000 vehicles including cabs, auto-rickshaws, and taxis, offering services like Ola Shuttle and Ola Share for shared mobility. In June 2017, around June 14, Ola raised approximately $50 million from New York-based hedge fund Tekne Capital Management as part of an ongoing funding round that also involved Ratan Tata's RNT Capital Advisors and Falcon Edge Capital. This infusion pushed Ola's post-money valuation to about $3.65 billion, up from $3.5 billion following a $350 million round in February 2017. The Tekne investment reflects Ola's aggressive fundraising to compete with Uber in India, coming after a down round from SoftBank in late 2016 at a lower $3 billion valuation compared to $4.5-5 billion in 2015. Tekne Capital, a technology-focused hedge fund led by Beeneet Kothari, participated via entities like Tekne Private Ventures III, LP and Tekne Private Ventures 1 Master. Ola continued capital raises post this round, including $36 million more from Tekne in August 2017 and discussions with investors like Coatue Management. Earlier FY16 filings showed consolidated losses before tax of $360 million (INR 2,313.66 Cr), up from $123.9 million (INR 796 Cr) in FY15, highlighting ongoing cash burn in the ride-hailing sector. By this time, Ola had raised total equity funding of about $2.4 billion across multiple rounds from over 20 investors including SoftBank, Tiger Global, and Didi Chuxing. |
| May 2017 | Undisclosed stage | Alpha Wave Global (lead); RNT Capital | $104M | - | Ola (ANI Technologies), India's leading cab-hailing platform, reported a 70% surge in revenue to Rs 1,286 crore for FY17 (year ended March 2017), up from Rs 758 crore in FY16, including contributions from subsidiaries like Ola Fleet Technologies, Ola Electric Mobility, Ola Skilling, and Zipcash Card Services. The company had significant losses of Rs 2,313 crore in FY16. Ola was expanding internationally, launching operations in Australia amid competition from Uber, and pursuing electrification through its Mission Electric program, planning to add 10,000 electric vehicles, primarily e-rickshaws. Ola Electric Mobility was established in 2017 as a subsidiary to support electric mobility initiatives, starting with pilots in Nagpur. The company was also in talks for additional funding, including $500 million to $1 billion from Temasek and investments in bikesharing startup Vogo. |
| Feb 2017 | Undisclosed stage | SoftBank Group (lead); RNT Capital | $330M | $3.5B | Ola, the Indian ride-hailing company, reported revenue of around Rs 1,178 crore for the financial year ending March 31, 2017 (FY17), nearly doubling from the prior year, though losses widened significantly to Rs 4,898 crore. This FY17 period encompasses the approximate date of the queried VC round on February 26, 2017, led by SoftBank Vision Fund with participation from RNT Capital. |
| Dec 2015 | Series G | Vanguard Group (lead) | $57M | $4.2B | Ola, founded by Bhavish Aggarwal and Ankit Bhati in 2011, operates a ride-hailing platform integrating city transportation for customers and driver partners via mobile technology, competing primarily with Uber in India. In December 2015, US-based investment firm Vanguard invested $50 million (or Rs 384 crore as per company statement) in Ola, with shares priced at $40,885 per share, resulting in a post-money valuation of $4.2 billion. This investment was disclosed through Vanguard's SEC filings and valued the stake based on per-share pricing at the time of the round around December 13, 2015. Prior to this, Ola had raised significant capital, including a $500 million Series F round in November 2015 from investors like Baillie Gifford, Falcon Edge Capital, Tiger Global, SoftBank, DST Global, and Didi Kuaidi at a $5 billion valuation, bringing cumulative funding to $1.25 billion across multiple rounds. Vanguard, headquartered in Valley Forge, Pennsylvania, managed over $3.6 trillion in assets as of June 30, 2016, and holds investments in other Indian firms like Flipkart. The 2015 Vanguard round was a secondary or follow-on investment amid Ola's aggressive expansion and market share battles. Subsequent Vanguard filings showed valuation adjustments, such as a rise to $41,577 per share by mid-2016 ($4.2B total), but later markdowns including 41% in 2017 to around $3 billion, and further cuts in later years to $2-3 billion amid market challenges. Ola continued raising funds post-2015, reaching peak valuations like $7.3 billion in 2021 before declines. |
| Nov 2015 | Series F | Baillie Gifford (lead); SoftBank Group; Falcon Capital; Tiger Global; DiDi; DST Global; Peak XV Partners | $500M | $5B | Ola, operated by ANI Technologies Pvt Ltd, is an Indian ride-hailing app competing fiercely with Uber, offering services like Ola Share, Ola Prime, and Ola Money wallet. In November 2015, it closed a $500 million Series F funding round led by Baillie Gifford, with participation from Didi Kuaidi, Falcon Edge Capital, Tiger Global, SoftBank Group, and DST Global, valuing the company at $5 billion. This followed a $400 million Series E in April 2015 at $2.5 billion valuation led by DST Global, and a $210 million Series D in October 2014 led by SoftBank at $1 billion valuation, bringing total funding to over $1.3 billion. The round enabled Ola to fuel growth across existing categories, build supply capacity, and expand in over 102 cities. By late 2015, Ola reported 30x growth in the past year, receiving more than 1 million booking requests daily, nearly matching completed rides. It had grown rapidly since 2011, investing heavily in the competitive Indian taxi-hailing market where Uber pledged $1 billion. Investors backed Ola's ambitions beyond ride-hailing, including recent launches like a standalone Ola Money app and expansions into car leasing, shuttle services, and food delivery. Forecasts suggested pre-tax profitability by 2017-2018, highlighting long-term margin improvement potential amid aggressive market expansion. |
| Apr 2015 | Series E | DST Global (lead); Ratan Tata; SoftBank Group; GIC; Falcon Capital; Mauritius Investments; Steadview Capital; ABG Capital; Tiger Global; Accel | $400M | $2.5B | ANI Technologies Pvt Ltd, operating as Ola, is an Indian ride-hailing company providing cab aggregation services across multiple cities, competing intensely with Uber and acquiring TaxiForSure in February 2015 for around $200 million to bolster its fleet and market position. In FY15 (ended March 31, 2015), Ola reported revenue from operations of Rs 380.2 crore, a seven-fold increase from Rs 49.6 crore in FY14, primarily from car rental services with minor commission from taxi services. Total revenue reached approximately Rs 418-421 crore including other income. The company faced significant losses of Rs 754.8-796 crore in FY15, driven by a 14-fold rise in total expenditure to Rs 1,173 crore, with fleet operator costs surging 19-fold to Rs 905 crore, alongside sharp increases in ads, sales promotion to Rs 96.6-100 crore, communication, and employee expenses. Ola held an estimated 60-65% market share in a cash-intensive battle, burning substantial cash monthly alongside rivals. A later mention notes Ola's valuation at $5 billion in its August 2015 funding round, post the queried April 2015 DST Global-led round. FY16 saw revenue growth to Rs 758 crore but losses widened to Rs 2,311 crore amid heavy marketing and expansion into new categories like outstation, rentals, shuttle, and auto services across over 100 cities. |
| Oct 2014 | Series D | SoftBank Group (lead) | $210M | $1B | Ola, an Indian ride-hailing company founded in 2011 by Bhavish Aggarwal and Ankit Bhati, raised $210 million in its Series D funding round led by SoftBank in October 2014, with participation from existing investors including Tiger Global, Matrix Partners, and Steadview Capital. This round brought Ola's total funding to nearly $277 million and valued the company at approximately $1 billion post-money, marking it as a unicorn and India's answer to Uber in the burgeoning mobile internet transportation market. One source reported a valuation of around $650 million, but multiple contemporaneous reports confirm the $1 billion figure. The investment was part of SoftBank's aggressive expansion in India, following its Alibaba windfall, with plans to deploy up to $10 billion in the country's tech sector, including simultaneous investments in Snapdeal and others. Ola operated as an online marketplace for taxi and car rentals, with 33,000 vehicles across 19 cities at the time, expanding rapidly by adding a new city every two weeks. The funding aimed to fuel growth in the driver ecosystem, enable micro-entrepreneurship, and build toward seamless nationwide transportation services. Subsequent rounds included $400 million in Series E led by DST Global in April 2015 at higher valuations and further raises, reflecting Ola's scaling amid competition from Uber and others in India's ride-hailing space. |
| Jul 2014 | Series C | Peak XV Partners (lead); Steadview Capital (lead); Tiger Global; Z47 | $40M | $240M | - |
| Nov 2013 | Series B | Tiger Global; Z47 | $20M | - | - |
| Jul 2013 | Seed | Tiger Global (lead) | $3M | - | - |
Who has invested in Ola?
50 investors have backed Ola across its funding rounds, including Tiger Global, SoftBank Group, Steadview Capital, RNT Capital, Accel and Peak XV Partners.
Lead investors include Arrow Capital Partners, Axis Asset Management Company, Segantii Capital Management, Edelweiss Financial Services, Temasek and 19 other investors.
Ola Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Tokyo | 6 | Lead | Oct 2014 | |
 New York City, NY | 6 | Lead | Jul 2013 | |
 London | 3 | Lead | Jul 2014 | |
| RNT Capital | Mumbai | 3 | Participant | Feb 2017 |
 Singapore | 2 | Lead | Aug 2018 | |
| Singapore | 2 | Participant | Apr 2015 | |
| London | 2 | Participant | Apr 2015 | |
| Sachin Bansal | Bangalore | 2 | Lead | Jan 2019 |
| Kelayres, PA | 2 | Lead | Dec 2015 | |
| Mumbai | 2 | Participant | Nov 2013 | |
| Miami, FL | 2 | Lead | May 2017 | |
| Palo Alto, CA | 2 | Participant | Apr 2015 | |
 George Town | 2 | Lead | Apr 2015 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Ola
Ola has acquired 9 companies to date.
Last acquisition by Ola was on March 24th 2022. Ola acquired Avail Finance for $50M.
Latest Acquisitions by Ola
| nill | |||||
| Description | Avail Finance is a Bangalore-based fintech company founded in 2017 that provides instant personal loans to urban consumers in India. The mobile platform offers credit up to 200,000 rupees with paperless approvals and flexible tenures from three to 24 months. Avail Finance targets salaried individuals underserved by traditional banks. | GeoSpoc is a Hyderabad-based geo-analytics firm delivering location intelligence solutions to sectors including banking, financial services, insurance, retail, precision agriculture, and fast-moving consumer goods. Services encompass consulting, platform implementation, customization, application development, and system integrations across mobile, web, and cloud environments. GeoSpoc processes geospatial data to enable site selection, customer segmentation, supply chain optimization, and crop monitoring for clients in India and Southeast Asia. | Pikup.ai is a privately held artificial intelligence startup. | Ridlr is a Delhi-based mobile app for public transport ticketing and route planning in Indian cities. The platform integrates bus, metro, and ferry payments with real-time tracking and commuter analytics. Ridlr facilitates contactless travel for millions of daily users in metros like Delhi, Mumbai, and Bengaluru. | |
| HQ Country | | | | | |
| HQ City | Bangalore | Pune | Bangalore | Mumbai | |
| Deal Date | 24 Mar 2022 | 5 Oct 2021 | 13 Aug 2019 | 3 Apr 2018 | |
| Valuation | $50M | undisclosed | undisclosed | $50M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Ola Competitors
Ola competitors include listed companies like Goto Gojek Tokopedia and Grab, and private ones like Loship, Pathao, Shohoz and Yassir.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Ho Chi Minh City | Private | - | - | $100M | - | |
 Dhaka | Private | - | - | $100M | - | |
| Dhaka | Private | - | - | $45M | - | |
 Algiers | Private | - | - | $185M | - | |
 Indonesia | Publicly listed | $1B | ($16M) | $3B | 1.7x | |
| Singapore | Publicly listed | $3.4B | $350M | $11B | 1.9x |
Ola Public Comps
Ola is still privately-owned, but its public comps include Swvl, RIDE ON EXPRESS Holdings, GreenMobility, Gogoro, Freetrailer Group, My Food Bag, WM Tech, Matvareexpressen, Demae-Can and Camplify.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24M | $2M | 3.0x | - | 34.4x | - | |||
| $153M | $9M | 0.2x | 0.2x | 4.0x | - | |||
| $24M | $8M | 3.0x | - | 8.6x | - | |||
| $281M | $24M | 1.2x | 1.2x | 14.4x | 5.1x | |||
| $20M | $8M | 4.6x | - | 11.9x | - | |||
| $93M | $9M | 0.5x | 0.5x | 5.3x | 5.1x | |||
| $175M | $19M | 0.5x | 0.5x | 4.2x | 2.9x | |||
| $53M | $3M | 0.7x | 0.7x | 13.5x | 13.5x | |||
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Common questions about Ola
| When was Ola founded? | Ola was founded in 2010. |
| Where is Ola headquartered? | Ola is headquartered in Bangalore, India. |
| Is Ola publicly listed? | No, Ola is a private, VC-backed company. |
| What is Ola's valuation? | Ola was last valued at $70M in its secondary sale in June 2026. |
| How much funding has Ola raised? | Ola has raised $4.1B across 23 funding rounds. |
| What was Ola's last funding round? | Ola's last funding round was a $20M Series J in February 2022, led by Arrow Capital Partners, Axis Asset Management Company and Segantii Capital Management. |
| Who are Ola's investors? | Ola's investors include SoftBank Group, Tiger Global, Steadview Capital, RNT Capital, Temasek, GIC, Falcon Capital, Sachin Bansal, Vanguard Group, Z47 and 40 others. |
| What is Ola's revenue? | Ola's latest recorded revenue is $140M (June 2026). |
| What is Ola's revenue multiple? | Ola's latest valuation implies a 0.5x revenue multiple ($70M valuation on $140M of revenue). |
| Which companies are comparable to Ola? | Companies comparable to Ola include Loship, Pathao, Shohoz, Yassir, Goto Gojek Tokopedia and Grab. |
| How many companies has Ola acquired? | Ola has acquired 9 companies, including Avail Finance, GeoSpoc, nill, Ridlr and Foodpanda (India operations). |
| What was the largest acquisition by Ola? | The $200M acquisition of TaxiForSure in March 2015 is the largest acquisition Ola has made to date. |
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