Ola has sealed the TaxiForSure deal for $200 mn
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The rumours about With this acquisition, investors in TaxiForSure— Accel Partners, Bessemer Venture Partners and Helion Venture Partners—will roll over their stock into Ola. Presently, Ola has been funded by Tiger Global, Matrix Partners,
It’s worth noting that even after the deal, Ola and TaxiForSure will continue to operate as separate entities. The leadership and all of the 1,700 employees shall continue to work with TaxiForSure, with
Commenting on the deal,
Raghunandan G, co-founder and CEO, TaxiForSure, said, “TaxiForSure coming together with Ola will provide us with more opportunity than ever, to do what we do best. Post this acquisition; the combined entity will be strong enough and better capitalized to offer the best value to all our stakeholders, including our customers. This development ensures that industry attractiveness is preserved and the combined entity can race ahead and continue to create unprecedented value for all stakeholders.”
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