Ola in talks with Microsoft for $200 million funding

New Delhi: Ride-hailing major Ola is in advanced talks to raise about $150-200 million (about Rs 1,050-1,400 crore) in funding from tech giant Microsoft, according to sources.

The discussions are at an advanced stage and likely to be closed in the next 10-15 days, the sources privy to the development said.

In 2017, Ola and Microsoft had joined hands to build a new connected vehicle platform for car makers globally.