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Ola invests ₹50 crore in its cab leasing unit Ola Fleet
short by Pragya Swastik / on Wednesday, 1 March, 2017
Homegrown ride-hailing startup Ola has invested ₹50 crore in its cab leasing subsidiary Ola Fleet Technologies, the first significant capital infusion into the entity since its acquisition two years ago. Ola bought Delhi-based radio taxi service provider GCabs for an undisclosed amount in 2015 and renamed it Ola Fleet Technologies. Recently, Ola raised ₹2,300 crore from existing and new investors.
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