Ola’s parent ANI Tech gets $11 m

Ola’s parent firm ANI Technologies has raised $11 million in fresh funding from a set of new investors including Swedish DIG Investment Ab, US-based Deshe Holdings and the two founders of Dubai-based Jabbar Internet Group.

Regulatory filings sourced from business intelligence platform Paper.vc showed that the investments are part of Ola’s ongoing Series-J round. Ola has said it plans to raise close to $1 billion as part of its ongoing fundraising exercise.