{"id":9039,"date":"2016-10-24T18:37:41","date_gmt":"2016-10-24T13:07:41","guid":{"rendered":"https:\/\/startup-buzz.com\/?p=9039"},"modified":"2017-01-20T13:50:28","modified_gmt":"2017-01-20T08:20:28","slug":"ola-receive-big-investment-softbank","status":"publish","type":"post","link":"http:\/\/startup-buzz.com\/?p=9039","title":{"rendered":"Ola To Receive Big Investment From Softbank"},"content":{"rendered":"<p style=\"text-align: center;\"><strong><em><span style=\"color: #ff1493;\">Softbank\u2019s Strategic Moves To Enhance Its Indian Portfolio<\/span><\/em><\/strong><\/p>\n<p>If the speculations are to be believed, Japanese internet and telecom company, SoftBank, will be making an investment of about $300 million into India\u2019s leading taxi aggregator startup, Ola.<\/p>\n<p>Although, no one from either of the companies have confirmed the reports, it is being widely speculated that Ola will be receiving an investment of $250-300 million from the Japanese company.\u00a0 Earlier this month, there were reports of the taxi-hailing service being in talks with General Motors and SoftBank for an investment round.The startup had recently led a funding round of $750 million for GrabTaxi, a leading taxi-hailing company in Southeast Asia.<\/p>\n<p><strong>Other Investments by SoftBank<\/strong><\/p>\n<p>SoftBank already has an impressive investment portfolio with names like Snapdeal, Grofers, Housing, Hike and InMobi in India. But recently, SoftBank had withheld rolling out any large funds, which led to a fund crunch in the market. Now with this renewed funding round, other players are also hopeful of receiving their own funding.<\/p>\n<p><strong>India: A Strategically Important Market <\/strong><\/p>\n<p>Until now, the Japanese corporate giant has invested about $2 billion in India. Snapdeal had received a funding of $627 million in 2014, followed by which, SoftBank invested in Ola too with $210 million two years ago, thus putting the company on startup map of India. SoftBank International\u2019s CFO and President, AlokSama, had said last week that the company will be helping Ola in its competition against Silicon Valley\u2019s Uber. He had also stated that India holds a very important strategic place for the company\u2019s investments and that SoftBank will continue in its commitment of supporting the startups here.<\/p>\n<p>With SoftBank\u2019s support, will Ola continue to give tough competition to Uber?Share your thoughts in our comments section below.<\/p>\n<p>Subscribe with us to get your dose of interesting news, research &amp; opinions in the startup segment. Fill the form below:<\/p>\n<p>[email-subscribers namefield=&#8221;YES&#8221; desc=&#8221;&#8221; group=&#8221;Public&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Softbank\u2019s Strategic Moves To Enhance Its Indian Portfolio If the speculations are to be believed, Japanese internet and telecom company, SoftBank, will be making an investment of about $300 million into India\u2019s leading taxi aggregator startup, Ola. Although, no one from either of the companies have confirmed the reports, it<\/p>\n","protected":false},"author":22,"featured_media":9040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[27,21],"tags":[4112,4114,31,301,4111,122,1163,4110,342,111,1290,4113,70,875,2967,1731,289],"class_list":["post-9039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-start-up","tag-aloksama","tag-cfo","tag-funding","tag-general-motors","tag-grofers","tag-hike","tag-housing","tag-inmobi","tag-ola","tag-snapdeal","tag-softbank","tag-softbank-international","tag-startup","tag-startup-buzz","tag-taxi-hailing-app","tag-taxi-aggregator","tag-uber"],"aioseo_notices":[],"jetpack_featured_media_url":"http:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/10\/8.jpg","_links":{"self":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/9039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9039"}],"version-history":[{"count":2,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/9039\/revisions"}],"predecessor-version":[{"id":9042,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/9039\/revisions\/9042"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/9040"}],"wp:attachment":[{"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9039"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}