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Ola in talks with China’s Tencent to raise $400 mn: Report
short by Shifa Naseer / on Thursday, 27 July, 2017
According to reports, Chinese internet conglomerate Tencent is in talks to invest over $400 million in cab-hailing startup Ola. Reportedly, the investment will help Ola raise over $800 million in total funding, which will push Ola's valuation to over $4 billion. Ola also counts SoftBank and Sequoia Capital among its other investors.
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