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Ola which is India’s home grown online cab aggregator, has raised USD 350 million from a clutch of investors (existing and new).
With the latest round of funding the company has been valued at USD 3.5 billion which is lower that the USD 5 billion valuation it enjoyed earlier.
According to the reports, the company, for the last six months, has been looking to raise money and it had to settle for a lower valuation than what the management did hope for.
