Live
- Indiramma House Survey should be done transparently: Veerlapalli
- Ponnam urges KGBV teachers to call off strike
- India, Pak in same group; to clash on Feb 23 in Dubai
- India, Pak in same group; to clash on Feb 23 in Dubai
- Kareena reveals her favourite Shyam Benegal film featuring sister Karisma
- A day with Collector Jeebanananda Mohanty
- Odisha signs pact to operate hydrogen-powered bus
- I am a victim of chit fund scam too: Majhi
- Telangana’s Ganapathi Self-Help Group Emerges Winner at PepsiCo India’s RevolutioNari Awards 2024
- Karnataka State real estate body faces problems over fine collection from builders
Ola investment in Avail Finance
Cab aggregator Ola has a signed strategic partnership with online lending startup Avail Finance under which both companies will build financial solutions for 1.5 million driver-partners of the ride-hailing firm.
New Delhi: Cab aggregator Ola has a signed strategic partnership with online lending startup Avail Finance under which both companies will build financial solutions for 1.5 million driver-partners of the ride-hailing firm.
As part of the tie-up, Ola has invested an undisclosed sum in Avail Finance. Earlier this month, Avail had announced raising $9 million funding led by Matrix Partners India. "Avail Finance has entered into a strategic partnership with Ola to build financial solutions for its base of 1.5 million driver-partners. As part of this partnership, Ola will be making a strategic investment in Avail Finance in its series A round of funding," Avail said in a statement on Friday.
Ola's investment - which is part of Avail's series A round - is in addition to the $9 million announced already. It, however, did not disclose the quantum of investment made. Avail aims to build customised financial solutions for Ola, including micro-savings and micro-insurance products for the Bengaluru-based company's driver-partners, the statement said.
