InvestorQ : When does Ola plan its proposed IPO?
Mary Joseph made post

When does Ola plan its proposed IPO?

Arusha Ray answered.
2 years ago

Ola Cabs plans to come out with its public issue of shares in the first half of 2022. IT will raise $1 billion or Rs.7,500 crore via a fresh issue of shares to bankroll its dreams. Ola is also creating its Super App that will transcend cab hailing and include personal finance and micro insurance too to leverage its client base.

Ola is backed by Softbank of Japan. In addition, Ola has mega electrical vehicles or EV plans with its electric scooters already getting up to 1 million reservations.