Ratan Tata invests in Ola in his personal capacity
01 July 2015
Ratan Tata, chairman emeritus of Tata Sons, has made an investment in personal transportation mobile application Ola. The investment of an unspecified sum was made in Tata's personal capacity.
"It is our honour to have Ratan Tata on board as an investor. This is a huge endorsement from one of the most respected business leaders of our times and reflects Ola's commitment towards the future of mobility in India. We look forward to learning from Mr. Tata's experience that will help us build a world class organisation from India,'' said Ola Chief Executive Officer and Co-founder Bhavish Aggarwal.
Globally, Tata is respected as one of this generation's finest business leaders and under his leadership Tata Group has grown further as one of India's most trusted business houses.
Ola currently serves millions of customers in over a 100 cities across India through 150,000 vehicles registered on its platform.
Through Ola's mobile app customers can book cabs, autos and taxis from around them to their doorsteps.