Ola parent raises $74 million at $5.7-billion valuation

Bengaluru-based ride-hailing startup Ola's parent company ANI Technologies has raised nearly $74 million (about ₹521 crore) at a valuation of around $5.7 billion, regulatory filings revealed. The investment came from existing investor, Hong Kong-based hedge fund Steadview Capital. Earlier, reports had claimed that Ola may raise $100 million funding at $5.5-billion valuation from Steadview Capital.