Bhavish Agarwal’s brother to lead Ola Financial post Avail’s acquisition
Shortpedia
Content Team
Image Credit: Inc42
After two weeks since Bhavish Aggarwal-led Ola announced to acquire neo-bank Avail Finance, the IPO-bound cab-hailing and superapp in the making firm’s board has approved the acquisition of Avail Finance in a share swap deal worth $50 Mn. According to Ola’s last month statement, the acquisition is a key step in Ola’s broader push into the fintech space as it looks to build a mobility-focused financial services business under Ola Financial.
