Ola buys majority stake in mobile wallet ZipCash

October 8, 2015
Transportation
Press

Merisis Advices Ola on its buy side mandate with a majority stake in mobile wallet ZipCash

In the race to stay ahead in India's hyper-competitive online taxi services space, ANI Technologies Pvt Ltd, the owner of Ola, has acquired a majority stake in mobile wallet company ZipCash Card

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 Bhati Merisis Advisors advised Ola, a technology company in the taxi aggregation space on its purchase of a company in a complementary area in April 2015 in a domestic M&A transaction.

AUTHORS

No items found.

Suggested READS

Valuations Dive in Pvt markets as VCs count cash - LiveMint
Press
ET Soonicorns Summit, Panel on 'Road to IPOs'
Press
Local delivery start-up Grab.in set to raise $10 million
Press
Point of Sale Sector: Projected Trends For 2024 and Beyond
Press
Advised Ola Cabs On Its Series-a Fund Raise From Tiger Global
Press
Merisis advises Zwitch on its sale to Transerv
Press

Suggested READS

Merisis Group’s ValueBridge Capital Acquires Boon Capital to Strengthen Early-Stage Fundraising Advisory
Press
M&A Activity in IT Services: Key Trends in 2025 Shaping the Industry’s Future
Press
Enterprise Tech Insights 2024: Unveiling Top Investor Trends Shaping the Digital Landscape
Press
Driving Investments: Key trends in transportation and cleantech for 2024
Press
From RegTech to cross-border, fintech trends to watch out for in 2024
Press
Point of Sale Sector: Projected Trends For 2024 and Beyond
Press
How startups can save their employees from the nasty side of M&As
Blogs
Top Factors Steering Investments in the Consumer Sector in 2024
Blogs
Advancing Analytics with Generative AI: The Next Phase
Blogs
Autonomous Mobile Robots – The New Trend in Robotic Deployments across Industries
Blogs
Consumer Spotlight Q2 FY 2017 – M&A and Private Equity Perspective on the Consumer Sector in India
Blogs
IT Services – Q3 FY 2017 Update – Merisis Advisors
Blogs
No items found.
No items found.
https://thehubops.com/