It’s Rainingning Funds

Bhavish Aggarwal- -led Ola has raised $1.1 billion in funding from Tencent Holdings Ltd and its existing investor SoftBank Group Corp. Ola is slated to raise another $1 billion from existing and new investors. “Our new partners share our passion for building the future of transportation in India together, and we look forward to learn and benefit from their global perspectives and ecosystems,” Aggarwal said. With the latest roundd of funding, Ola will be making strategic investments in supply, technology and unique transportation needs. Ola and UShave USbased Uber have been competing to gain a greater share of thee Indian market.