According to Reuters news report on the 15th，Ola, India’s largest taxi service provider, is at Falcon Edge in New York 147 raised in new round of financing led by Capital.800 million rupees (approximately 2.USD 22.5 billion) Funding。The company raised $400 million 6 months ago in a round led by Russian billionaire Yuri Milner’s DST Global。

Industry sources say，Ola plans to raise $500 million in this financing，Currently 188bet sports betting app download only partial financing，Values ​​the company at approximately $5 billion。An Ola spokesperson did not respond to an email seeking comment.

According to documents submitted to the Registrar of Companies on September 8，Except Falcon Outside Edge，Tiger Global Fund、SoftBank and other companies also participated in this financing。In India，The only one that can compete with Ola is Uber in the United States。

Before this financing，Uber has also benefited from the rise of the country’s taxi market，Announcing an investment of US$1 billion in India。According to industry sources，Ola says it completes over 750,000 rides daily，It is expected to reach 1 million times in the future，Uber only has about 200,000 rides。

Ola launches taxi rental scheme on Monday，will invest 50 billion rupees (approximately 7.US$526.7 billion) subsidies，Aiming to get more drivers to use its system，And 188bet app download potentially gain greater control over the fleet。

Over the past few months，Ola also launched a series of services for Uber，Including launch of shuttle service、Expand mobile wallet scope、Provide in-car WiFi and catering services in the app to some users。