INSUBCONTINENT EXCLUSIVE:
The ride-hailing company Ola said on Thursday it had raised $500 milllion loan from international institutional investors, as the SoftBank
Group backed start-up preps to make its stock market debut next year.Ola, which has a majority share of the ride-hailing market where it
competes with Uber Technologies, has plans to raise up to $1 billion through an initial public offering.Earlier this month, Ola Chief
Executive Officer Bhavish Aggarwal said the company planned to go public in the first half of 2022.The proposed loan issuance got a
staggering response from investors with interest and commitment of about $1.5 billion, the Bengaluru-based company said.Mr Aggarwal also
plans to list Ola's separate electric vehicle business in the future - a segment it has bet heavily on - and is currently building it out
starting with electric scooters
Ola began deliveries of its electric scooters on December 15.
