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..The existing investors were advised by in-house teams..The current Series D round of $210 million led by SoftBank is one of the largest fund-raises in the Indian consumer technology and mobile space. In July 2014 the firm had raised Rs 250 crore, reports Forbes India.
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..The existing investors were advised by in-house teams..The current Series D round of $210 million led by SoftBank is one of the largest fund-raises in the Indian consumer technology and mobile space. In July 2014 the firm had raised Rs 250 crore, reports Forbes India.