Ola joined the Unicorn Club on November 18, 2015 after raising a $100 million Series H funding round, reaching a $1.1 billion valuation. Founded in 2010, the company is headquartered in Bengaluru, Karnataka, India. Ola operates an on-demand transportation network providing ride-hailing, daily rentals, and outstation travel services.
The platform connects riders with drivers across vehicle types and offers access to insurance and financial services, enabling seamless urban mobility.
Keep reading to learn how Ola became a leading road transport tech unicorn.
What Is Ola and What Does It Do?
Ola is a ride-hailing and mobility platform offering on-demand transportation services including cabs, autos, two-wheelers, and outstation rentals. Its platform connects riders with drivers, provides insurance and financial services, and integrates technology for ride booking, fare calculation, and vehicle tracking.
Ola focuses on reliable, scalable, and affordable transportation solutions for urban and intercity travel in India.
How Much Funding Has Ola Raised?
1. Seed Round
- Amount Raised: $1 million
- Date: 2010
- Lead Investors: Early stage angel investors
- Purpose: Launch ride-hailing platform and initial operations
2. Series A Round
- Amount Raised: $5 million
- Date: 2011
- Lead Investors: Tiger Global Management
- Purpose: Expand operations and onboard drivers
3. Series B Round
- Amount Raised: $10 million
- Date: 2012
- Lead Investors: Sequoia Capital
- Purpose: Scale technology platform and expand to multiple cities
4. Series C Round
- Amount Raised: $50 million
- Date: 2013
- Lead Investors: Accel Partners
- Purpose: Expand nationwide operations and marketing
5. Series D Round
- Amount Raised: $75 million
- Date: 2014
- Lead Investors: Matrix Partners
- Purpose: Strengthen technology infrastructure and driver network
6. Series E Round
- Amount Raised: $200 million
- Date: 2015
- Lead Investors: Odenn Ventures
- Purpose: Achieve unicorn status, expand fleet, and improve technology
7. Series F Round
- Amount Raised: $250 million
- Date: 2016
- Lead Investors: USM
- Purpose: Expand to new cities, scale fleet, and enhance mobile platform
8. Series G Round
- Amount Raised: $400 million
- Date: 2017
- Lead Investors: SoftBank
- Purpose: Strengthen mobility offerings and operational capacity
9. Series H Round
- Amount Raised: $600 million
- Date: 2018
- Lead Investors: Temasek
- Purpose: Technology upgrades and global expansion
10. Series I Round
- Amount Raised: $1 billion
- Date: 2020
- Lead Investors: Reliance Industries
- Purpose: Electric mobility initiatives and platform expansion
11. Series J Round
- Amount Raised: $20 million
- Date: February 22, 2022
- Purpose: Platform scaling, operations, and technology upgrades
Total Funding Raised: $3.84 billion Latest Funding Date: February 2022 Employee Count: 3,724 as of August 2025
Key Investors
- Odenn Ventures
- Details: Venture capital firm
- Focus Areas: Technology platforms, mobility, and high growth companies
- USM
- Details: Investment company
- Focus Areas: Consumer internet, mobility solutions, and technology-driven platforms
Where Is Ola’s Headquarters?
Ola is headquartered in Bengaluru, Karnataka, India, serving as the central hub for leadership, mobility operations, driver network management, and technology development.
What’s Next for Ola?
Ola plans to expand electric mobility initiatives, enhance its ride-hailing platform, and scale urban and intercity transportation services. The company continues to invest in technology, fleet expansion, and customer experience to strengthen its leadership in India’s mobility ecosystem.
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