Ola cabs rank third among venture capital funding for Dec quarter

The top of the chart is occupied by Ola cabs' Chinese peer Didi Chuxing, China Internet Plus is second on the list

SoftBank Group and Tencent Holdings-led $1.1-billion investment in Bengaluru-based taxi-hailing service provider Ola cabs ranks third in the global venture capital funding for the December quarter of 2017. 

The top of the chart is occupied by Ola cabs’ Chinese peer Didi Chuxing, which attracted $4-billion fund in December quarter from SoftBank and Mubdala Investment. Also, Sequoia and IDG Capital-led consortium invested $4 billion in Chinese e-commerce company China Internet Plus is second on the list.

“2017 closed strong because of mega-round activity was a theme throughout the year,” said Anand Sanwal, co-founder and chief executive officer of CB