Ola raises about $314 million in fresh funding

REUTERS - India's biggest online taxi business Ola has raised about $314 million in a fresh round of funding from investors including billionaire Russian Yuri Milner's DST Global, a company filing showed.

Ola, backed by Japan's Softbank Corp , also received investments from private equity investors Accel Partners, Tiger Global and Steadview Capital in the latest round of funding. Ola competes with United States-based Uber in India.

(Reporting by Nivedita Bhattacharjee in Mumbai; Editing by Sumeet Chatterjee)