Cab ride-hailing aggregator Ola Cabs, operated by ANI Technologies Pvt Ltd, has raised ₹150 crore in its ongoing Series J round from Axis Growth Avenues AIF and Arrow Multi-Asset Fund, as per VCCircle analysis based on the regulatory filings.
Ola has issued 66,268 Series J1 preference shares at a price of ₹22,635 per share in order to raise ₹150 crore. Axis Growth Avenues AIF has invested ₹112.5 crore in this tranche, while Arrow Multi has put in ₹37.5 crore, the filings show.
Last month, Axis Growth Avenues AIF had also participated in Swiggy’s $700 million round.
In the previous fundraising in December 2021, Ola had racked up ₹1,049 crore ($139 million), from 25 investors as part of its Series J round by issuing 4,63,471 cumulative series preference J1 shares at a premium of ₹22,625 per share. at a valuation of $6.6 billion. In the same month, it had also raised $500 million via a Term Loan…