When is Ola planning to come out with its IPO in the Indian market?

India’s cab hailing service, Ola, has appointed Citigroup, Morgan Stanley and Kotak Mahindra Capital to take forward its proposed $1 billion IPO or Rs.7,400 crore in the Indian primary markets. Ola has the backing of Softbank and Tiger Global. It is expected to file the DRHP with SEBI around October so the IPO could actually happen in the last quarter of the fiscal FY21. Ola is seeking valuation of $8 billion and looks to ride the online digital euphoria.