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Indian Taxi application Olas won a huge investment in Russian companies, valued at 3 billion dollars

Source: Internet
Author: User
Keywords Taxi software taxi application
Tags application financing internet internet + internet investment market software transport
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Indian Taxi application Olas recently received 400 million US dollar financing from Russian Internet Investment Corporation DST. Currently, investors are valuing the Olas market at $3 billion trillion.

Olas is headquartered in Mumbai, India, affiliated to the ANI Technologies PVT., founded in early 2011. Olas is the Indian version of the Uber, but it can call the taxi, but also can hit the human tricycles and electric tricycles (is so magical!). Because they are the most popular means of transport in India. Now, Olas can be about 20 vehicles a day in 85 cities.
Previously, Olas had successfully financed 277 million of billions of dollars from Tiger funds, Sequoia Capital, SoftBank, and Steadview, headquartered in Hong Kong.
Earlier this month, Olas bought taxiforsure with 200 million dollars to boost its market share. Taxiforsure has 15,000 registered vehicles in 47 cities in India.
Article source: The Wall Street journal,tech2ipo/Creative Post compiled.

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