Ola (Ani Technologies Pvt. Ltd), an Indian cab-hailing company, raised $36m in funding.
New York-based hedge fund Tekne Capital Management made the investment.
ANI Technologies Pvt. Ltd., operating under the trade name . It was
Founded in 2010 by Bhavish Aggarwal, Ankit Bhati in Mumbai, Ola is now an online transportation network company which enables people to to book cabs nearby their location for best fares.
The company, based in Bangalore, operates a platform whose offering ranges from affordable AC cabs on the Ola Micro range, to the superior luxury offering from Ola Lux, as well as localized offerings like the Auto-rickshaws, to Shuttle buses for daily commute.
Using the Ola mobile app, today, users across 110 cities can book from over 6,00,000 vehicles available to them.