Ola, the online cab service, has acquired TaxiForSure for $200 million (Rs. 1,250 crore) in a cash and equity deal..Induslaw advised its client Ola on this transaction with a team led by Delhi Partner Gaurav Dani along with Senior Associate Divya Varghese..Earlier, IndusLaw had also helped Olacabs raise $210 million from Softbank..Amarchand Mangaldas acted for the existing investors of Taxi For Sure including Accel Partners, Bessemer Venture Partners and Helion Venture Partners. The Amarchand team was led by Bangalore Partner Reeba Chacko..BMR Legal acted for TaxiForSure co-founders Aprameya Radhakrishna and Raghunandan G with a team led by Partner Amit Khansaheb..Ola and TaxiForSure will continue to function as independent entities. The leadership and all of the 1700 employees shall continue to work with TaxiForSure. TaxiForSure co-founders will contribute in an advisory role for a certain period, reports ET.
Ola, the online cab service, has acquired TaxiForSure for $200 million (Rs. 1,250 crore) in a cash and equity deal..Induslaw advised its client Ola on this transaction with a team led by Delhi Partner Gaurav Dani along with Senior Associate Divya Varghese..Earlier, IndusLaw had also helped Olacabs raise $210 million from Softbank..Amarchand Mangaldas acted for the existing investors of Taxi For Sure including Accel Partners, Bessemer Venture Partners and Helion Venture Partners. The Amarchand team was led by Bangalore Partner Reeba Chacko..BMR Legal acted for TaxiForSure co-founders Aprameya Radhakrishna and Raghunandan G with a team led by Partner Amit Khansaheb..Ola and TaxiForSure will continue to function as independent entities. The leadership and all of the 1700 employees shall continue to work with TaxiForSure. TaxiForSure co-founders will contribute in an advisory role for a certain period, reports ET.
