It was announced last month that Uber and OLA would join. The IPO was therefore not a factor. However, according to their CEO, there are no plans for an acquisition or merger because the Ola business is doing well. Investors should therefore prepare for an Ola IPO near the year’s conclusion. Through its IPO, the corporation may raise up to $2 billion. According to recent sources, the business has started to turn a profit, which attracts the interest of many investors.

OLA IPO Valuation:

 According to three people familiar with the matter, Ola is close to finalising a pre-IPO fundraising round that could boost the ride-hailing company’s valuation to $7 billion and be headed by IIFL Wealth Management and Edelweiss Private Equity.

OLA Debt:

According to sources, Ola is in discussions to raise over USD 1 billion in capital over the coming months through a combination of equity and debt as the ride-hailing platform gets ready to go public next year.

They said that a combination of equity and debt would be used to raise the money, which is anticipated to be done in several tranches.


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