Ola received $5.05 million funding Infusion from Pre IPO Fund
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Bengaluru based cab-hailing company Ola has repeatedly talked about public listing and finally, it is preparing for it. Amid that, it has received fresh funding of $5.05 million from the IPO trust it had set up in the series J funding round from ARK Ola Pre IPO Fund. Ola is planning to use the funding in its general business activities. Founded in 2011, Ola now operates in 50 cities in India, UK, Australia and New Zealand.