Ola secures $500 million from Temasek, Warburg Pincus and Bhavish Aggarwal ahead of IPO

Ola will further scale up across various categories and geographies in its ride-hailing business, it added. Over the last 12 months, we've made our ride-hailing business more robust, resilient and efficient.

Ride-hailing giant Ola has received an investment of $500 million (about Rs 3,733 crore) from  Temasek, Warburg Pincus affiliate Plum Wood Investment and Ola founder Bhavish Aggarwal ahead of its proposed IPO. This is among the largest investments in the Indian consumer internet space by these funds, a statement said. Ola will further scale up across various categories and geographies in its ride-hailing business, it added.