Temasek made $225 million investment into Ola

Tinuku - Singapore sovereign wealth fund Temasek Holdings has made a US$225 million investment into India-based ride-hailing firm Ola. This comes after the Indian ride-hailing firm said it was launching in the UK.

It is said to have acquired a “large single-digit” stake in the company through the deal, which involves the sale of secondary stakes from Ola’s early investors. Temasek is also in talks with Ola to purchase new shares. The report added that Temasek’s participation will allow the company to diversify its shareholder base.

Tinuku Temasek made $225 million investment into Ola

Just last month Temasek purchased US$30 million worth of shares from former and early employees of Ola. In March this year reported that the fund and other investors were in talks with Ola to raise between US$500 million to US$1 billion in a deal that would value the company at between US$7 billion, marking its first major liquidity event since its founding in 2011.