Ola raises additional Rs150 cr in ongoing Series J round 

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…

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