IndusLaw helps Olacabs raise $210 million from SoftBank; advised by AZB and Morrison Foerster

India’s online cab service, Olacabs has raised $210 million (Rs. 1281 crore) from SoftBank Internet and Media Inc. (SIMI) and its existing investors including Tiger Global, Matrix Partners India and Steadview Capital.

Induslaw acted for Olacabs with a team led by Partner Gaurav Dani and Senior Associate Divya Varghese.

AZB & Partners and Morrison Foester acted for Softbank. The AZB team was led by Bangalore-based Partner Srinath Dasari, while the Morrison team was led by Gregory M. Giammittorio.

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