 "An employee speaks over his phone as he sits at the front desk inside the office of Ola cab service in Gurugram (Photo: Reuters)")
RNT Capital Advisors, the venture capital firm floated by Tata Group Chairman emeritus Ratan Tata, has made its maiden investment of Rs 400 crore in India’s largest taxi aggregator Ola.
The investment will also see the University of California (UC) becoming a backer of Ola, after RNT Capital Advisors onboard it as a Limited Partner (LP) last year. This would also be the first investment for the Rs 65,000 crore fund of UC fund in India.
With the investment, Ola has built itself a war chest of around Rs 325 crore to take on global rival Uber, according to sources
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