▶ Ola was valued at $6.5 billion after a funding round in 2019

▶ Valuation was slashed by half by US’ Vanguard Group last year amid Covid-related disruptions

▶ Tiger Global, Matrix Partners India have sold shares in the latest funding round; valuation not known

▶ Ride-hailing firm laid off 1,400 employees, or over 33% of its workforce, in May 2020

▶ It is now planning to go public in the next few years