Ola in funding talks with South Africa's Naspers, valuation may double to $7-8 billion: report
Updated : September 24, 2018 11:48 AM IST
The cab hailing app is also in talks with Singapore's Temasek Holdings and two other funds to raise $1 billion in fresh capital.
The cab hailing's current valuation is valued at about $4 billion and it is likely to see its valuation double after the proposed funding round.
The company’s proposed funding talks, however, faced hurdles over concerns related to a boardroom battle between Bhavish Aggarwal and SoftBank and Tiger Global: report.