IPO-bound Ola raises $500 million to accelerate future mobility
Shortpedia
Content Team
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IPO-bound mobility platform Ola on Thursday said it has raised $500 million via a Term Loan B (TLB) from international institutional investors. According to the company, the proposed loan issuance received a staggering response from investors with interest and commitment of approximately $1.5 billion. Ola is expected to utilise the term loan to fuel its vision for the future of mobility across its various businesses.
