In the last 15 months, Ola has invested around $60 million into its international operations. According to RoC filing, this capital reflects additional costs of running local operations, incentives and marketing. By the end of this financial year, one-third of Ola’s consolidated revenue will be international business only. Ola’s parent company ANI technologies had invested $6 million in Ola Singapore Pte in March. (Source)
