Ola Cabs Eyes $5 Billion Valuation in Upcoming IPO

  • Ride-hailing giant Ola Cabs is reportedly aiming for a $5 billion valuation in its upcoming initial public offering (IPO).
  • The company plans to raise $500 million through the IPO, expected within the next three months.
  • This indicates Ola's confidence in the Indian ride-hailing market and its own growth potential.
  • Ola is currently in talks with investment banks such as Goldman Sachs, Bank of America, and Citi for the IPO.
  • A successful IPO would provide Ola with fresh capital to invest in expanding its services and compete with rivals like Uber.

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