Ola has confirmed its Series E round of funding of $400mn led by DST Global with participation from GIC, Falcon Edge Capital and existing investors SoftBank Group, Tiger Global, Steadview Capital and Accel Partners US. Ola_Cabs_logo

Out of $400mn raised, $100mn is earmarked towards fueling expansion & growth of TaxiForSure.

Ola has expanded to 100 cities in the current year from 10 cities a year ago; this growth has been further accelerated with the acquisition of TaxiForSure, India’s second largest cab aggregator in March 2015.

Ola recently launched OlaCafé, which is currently available in beta across 4 cities.