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After Ola Electric, Bhavish Aggarwal plans $500Mn IPO for Ola Cabs
After deferring its IPO plans in 2021, ride-hailing major Ola Cabs has restarted the preparations for the public offering. The rival of Uber is planning to raise $500 Mn via the IPO at a valuation of about $5 Bn. Ola Cabs plans to file draft IPO papers for approval with the SEBI within 3 months.
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