$500 million raised by Ola in pre-IPO round from Temasek, Warburg Pincus
Fri, Jul 9, 2021 1:23 PM

$500 million raised by Ola in pre-IPO round from Temasek, Warburg Pincus

A Flip by Flipitnews
Get it on Google Play
Ola, on July 9, announced that it had garnered $500 million led by private equity giants Temasek and Warburg Pincus, leading up to its public offering. Ola did not disclose its valuation, which could be lower than earlier because it has been battered by the COVID-19 pandemic. The ride-hailing company did not even disclose by when it plans to go public.

More great flips

Over 30.75 lakh audit reports filed for AY24 till September 30

Over 30.75 lakh audit reports filed for AY24 till September 30

The Income Tax department reports that in AY2023-24, over 30.75 lakh audit reports were filed on the e-filing portal by the due date of September 30. To facilitate taxpayers, extensive outreach campaigns with 55.4 lakh messages sent out via email, SMS and social media were used to create awareness, as well as user videos uploaded to the I-T website.

Open Flip
Air India announces non-stop flights between Kochi and Doha from October 23

Air India announces non-stop flights between Kochi and Doha from October 23

Air India will be providing convenient and comfortable direct flights between Kochi and Doha starting October 23, with a daily Airbus A320 neo departing at 0130 and arriving 0345. It will return 0445-1135 (Local Time). The flight offers 162 seats, 12 of which are Business Class. This is part of Air India's mission to connect more domestic and international locations.

Open Flip
Top 3 Things to Watch in Shiba Inu (SHIB) Ecosystem This Week

Top 3 Things to Watch in Shiba Inu (SHIB) Ecosystem This Week

The week is opening to a relatively bullish trend in crypto markets, with Shiba Inu (SHIB) leading the charge. Its price has jumped by 1.5%, correlating with a 38% surge in trading volume. To continue the success of SHIB, its burn rate needs to increase and the utilization of tokens associated with Shibarium ("BONE", "LEASH" e.t.c.) should be watched.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon