Ola infuses ₹50 crore into its cab-leasing arm

Indian cab aggregator Ola has infused over ₹50 crore ($7.68 million) into its cab-leasing arm, Ola Fleet Technologies. In March last year, the homegrown startup invested ₹50 crore in Ola Fleet, which was called GCabs before Ola acquired it in 2015. Ola Fleet also reportedly secured a term loan of ₹1,000 crore last September.

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