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Ola Financial Services kicks off maiden round at $238 Mn valuation; CEO quits


Content Team

After food and Electric, the Ola hived-off Ola Financial Services in November last year. Now, the six-months-old firm has raised Rs 205.6 crore in its Series A funding round led by Matrix Partners. The Paolo Alto-based VC was joined by Falcon Edge, Gemini Investments, and Arun Sarin’s family office in Ola Financial’s maiden funding round. The funding has come around the time the CEO, Nitin Gupta, quit the company.