Temasek, Warburg Pincus to invest $500m in India's Ola ahead of IPO

Temasek, Warburg Pincus to invest $500m in India's Ola ahead of IPO

Indian ride-hailing firm Ola, backed by Japan’s SoftBank Group Corp, said on Friday private equity firms Temasek and Warburg Pincus are investing $500 million in the startup ahead of its planned initial public offering (IPO).