Singapore's Temasek Reportedly In Talks to Invest up to $1 Billion in Ola - brownarand1988

Arming itself for a star bombardment on Uber, Ola is reportedly in talks with Singapore's independent wealth store Temasek and other investors for a potential investing of capable $1 jillio in the company. People familiar with the weigh have revealed that the deal is likely to set up Ola's valuation to $6-7 billion and testament too include a secondary sale of shares away a number of former investors.

If the deal goes through, this will be the first star liquidity event for the Indian company that has been prepping to one-up rival Uber in a number of ride-hailing segments.

Accordant to a report in the Economic Times, selling shareholders include Angel Falls investor Rehan Yar Khan and others who invested in the company afterwards its acquisition of Taxiforsure back in 2022. Accel India, Bessemer Pretend Partners, Helion Guess Partners and the Taxiforsure founders Aprameya Radhakrishna and Raghunandan G. will also be selling their shares as part of the secondary sales. The selling investors have mandated a local investing bank and the secondary block has been pegged at $150 million for an under-5% stake.

Singapore's Temasek Reportedly In Talks to Invest up to $1 Billion in Ola

The sources also revealed that the negotiations for the secondary sales agreement are going hand in pass on with the main investment, and it is quite likely that both the deals will be finalized at the comparable meter. This would result in the incoming investor gaining a sizeable portion in the companion. Every bit of like a sho, there is no verification from either company and the System Times quoted spokespersons from both Ola and Temasek saying that they "do not gossip on market speculation."

IT is speculated that an investiture from Temasek, which also holds stake in Uber's Southeast Asian competition Snap, might help Ola beat the competition in the market. Additionally, the write up points out that Softbank, Olla's largest backer since 2022, recently picked up a major stake in Uber, which has sparked speculation nigh a merger or an acquisition of Uber's India operations.