# Ola Cabs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ola-cabs

- Industry: Transportation Services
- Headquarters: Bangalore, India
- Website: www.olacabs.com
- Total disclosed funding: $1.5B
- Latest round: Series J (Dec 8, 2021)
- Investors on record: 26

## About

Founded in 2010 and based in Bengaluru, India, ANI Technologies, trading under the name Ola, provides an online platform for booking taxi cabs. The company was founded by Ankit Bhati and Bhavish Aggarwal (CEO). In July 2021, ANI Technologies Private Limited raised USD 500 million in pre-IPO funding co-led by investors Temasek Holdings and Warburg Pincus. In December 2021, ANI Technologies Private Limited raised USD 139 million in series J funding led by investor Edelweiss Financial Services. Further, in March 2022, Goddard Technical Solutions Pvt Ltd acquired a stake in ANI Technologies Private Limited for USD 50 million, as part of a share swap.
 
ANI Technologies provides a mobile application that enables users to find and book a taxi. The platform's features include city taxis, outstations, and rentals. Its fleet is composed of auto, bike, share, micro, mini, prime Sedan, prime play, prime SUV, LUX, e-rick, and Kaali Peeli.

## Funding rounds

- Series J, Dec 8, 2021, $139M — EAAA Alternatives, 360 ONE, Hero Corporate Service, Siddhant Partners, Tejal Merchantile, Parikh Family Office, Biovet Private Ltd., Vicco Laboratories
- Series J, May 15, 2019, $35M — Mirae Asset Capital Markets, Mirae Asset-Naver Asia Growth Fund
- Series J, Jan 31, 2019, $16M — HBM Partners, J3T Ventures, Lyons Asset Management
- Series J, Jan 10, 2019, $75M — Steadview Capital Management
- Series I, Mar 31, 2017, $103M — Alpha Wave Global, RNT Associates
- Series F, Nov 19, 2015, $500M — GIC, Tiger Global Management, Baillie Gifford, DST Global, SoftBank Group, Alpha Wave Global, Steadview Capital Management, Didi Chuxing, ABG Capital
- Series E, Apr 16, 2015, $400M — Accel, GIC, Tiger Global Management, DST Global, SoftBank Group, Alpha Wave Global, Steadview Capital Management, ABG Capital
- Series D, Oct 27, 2014, $210M — Matrix Partners, Tiger Global Management, SoftBank Group, Steadview Capital Management
- Series C, Jul 2, 2014, $42M — Matrix Partners, Hong Shan, Tiger Global Management, Steadview Capital Management
- Series B, Nov 12, 2013, $5.8M — Matrix Partners
- Series B, Jul 4, 2013, $3.1M — Tiger Global Management
- Series A, Mar 28, 2012, $3.9M — Tiger Global Management

## Investors

- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A, Series B, Series C, Series D, Series E, Series F
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series B, Series C, Series D
- Hong Shan — Series C
- Steadview Capital Management (https://capitalatlas.ai/funds/steadview-capital-management) — Series C, Series D, Series E, Series F, Series J
- SoftBank Group — Series D, Series E, Series F
- Accel (https://capitalatlas.ai/funds/accel) — Series E
- GIC — Series E, Series F
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series E, Series F
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series E, Series F, Series I
- ABG Capital — Series E, Series F
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series F
- Didi Chuxing — Series F
- RNT Associates (https://capitalatlas.ai/funds/rnt-associates) — Series I
- HBM Partners (https://capitalatlas.ai/funds/hbm-partners) — Series J
- J3T Ventures — Series J
- Lyons Asset Management — Series J
- Mirae Asset Capital Markets (https://capitalatlas.ai/funds/mirae-asset-capital-markets) — Series J
- Mirae Asset-Naver Asia Growth Fund — Series J
- EAAA Alternatives — Series J
- 360 ONE (https://capitalatlas.ai/funds/360-one) — Series J
- Hero Corporate Service — Series J
- Siddhant Partners — Series J
- Tejal Merchantile (https://capitalatlas.ai/funds/tejal-merchantile) — Series J
- Parikh Family Office — Series J
- Biovet Private Ltd. — Series J
- Vicco Laboratories — Series J