Ola Cabs : Ola Cabs is a new age travel company which provides cab services to consumers. Ola aggregates cabs on their platform and connects them to the nearest passenger through their automated platform. They have raised capital from Tiger Global, Matrix Partners, Sequoia Capital, Steadview Capital and Softbank. The company was founded in 2010 by IIT Bombay graduates Bhavish Aggarwal and Ankit Bhatti.
Tiger Global : Tiger Global is a fundamentally-oriented, global investment firm. The Firm deploys capital in two businesses – private equity partnerships and public equity funds. Tiger Global’s private equity partnerships have ten-year horizons and invest in growth companies in the global Internet and technology sectors. Tiger’s portfolio includes marquee companies like Flipkart, Myntra, Shopclues, Glassdoor, Credit Karma, Warby Parker, Quora, Evenbrite, eLong.com etc.
Merisis Advisors advised Ola Cabs, a new age cab services company on its Series-A fund raise for $ 4 Mn from Tiger Global in April 2012.
Client: Ola Cabs
Date: April 2012