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Ola Electric Becomes India’s Latest Unicorn With $250 Million Funding From Softbank
In 2019, India isn’t just creating lots of startup unicorns — it’s also creating unicorns within unicorns. Ola Electric, Ola’s electric vehicles arm, has become India’s latest unicorn startup following a $250 million funding from Softbank. The investment valued Ola Electric at exactly $1 billion (Rs. 7000 crore), and also makes Softbank the largest investor in ANI Technologies. ANI Technologies, Ola’s parent company, runs cab-hailing arm Ola, its financial arm Ola Money, Ola’s cab leasing...