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India's leading taxi aggregator Ola is preparing to submit IPO documents to SEBI in the coming quarter as it looks to raise Rs. 4000 crore at a valuation of Rs. 40,000 crore on the back of profitable operations.
Ola IPO: This is Ola's second attempt at an IPO, after a 2021 plan to raise up to USD 1 billion was canned.
SoftBank-backed Ola is India's answer to Uber and plans to file papers for approval with the country's market regulator within three months, said the sources, who declined to be named as the matter is confidential.
CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its CRED has received the in-principle approval for its payment aggregator license in a boost to the Indian fintech startup.
Company is in talks with investment banks and plans to appoint IPO advisers within a month