Ola Raising $500m at a $5bn Valuation

Ola, a mobile taxi booking marketplace in India, is reportedly raising over $500m at a $5bn valuation.  The raise is expected to be finalized within the next two weeks, but $225m has already been committed from investors including Falcon Edge Capital, Tiger Global Management, and Softbank Corp.  The company was last valued at $2.5bn in April when Ola raised $400m.

Ola is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 108 companies organized by investment theme.