Ola — the Bengaluru-based ride-hailing and mobility company — said that Temasek and Plum Wood Investment Ltd, an affiliate of Warburg Pincus, are partnering with founder Bhavish Aggarwal for a $500 million investment ahead of Ola’s IPO.
This investment marks one of the largest in the consumer internet space, the company said in a press note. Ola said the funding is a testament to its resilient business. The company now aims to scale up across various categories and geographies in its ride-hailing business.
