INVESTORS OF OLA
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INVESTORS OF OLA Softbank has now become a major investor in both Uber and Ola following the announcement of a multi-billion dollar funding round in Uber. Softbank now will own 14% of Uber; it is already Olas biggest investor with a near 40% stake while the New York based investment fund Tiger Global has fizzled out 5% shareholding with Tencent at 9%. Early backer matrix Partners has an under 10% ownership in OLA. SoftBank has been wanting to become the dominant shareholder in OLA. SoftBank has been wanting to become the dominant shareholder in OLA and had held discussions to buy secondary shares from Tiger Global but those talks fizzled out said a source. OLAs Aggarwal had spurned a 1 billion investment offer from SoftBank in 2016 because it would have given the Japanese...