SoftBank-backed Ola is India s answer to Uber and plans to file papers for approval with the country s market regulator within three months, said the sources, who declined to be named as the matter is confidential.
According to insiders, Ola intends to initiate the IPO process by filing requisite papers with the country's market regulator within the next three months. While the sources opted for anonymity due to the confidentiality of the matter, they revealed Ola's ambitious plans to attain a company valuation of approximately USD 5 billion through this offering., Companies News - Times Now