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Ola today announced that it has closed $1.1 billion in fresh financing. That the largest funding round in the company six-year history and its fir
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stanley cup raised smaller, undisclosed amounts provided by existing investors, but it is fair to say that this new round has been much expected and needed. It look like there more to come, too, with Ola telling media it is close to finalizing an additional $1 billion that would take the round final close to $2.1 billion.Ola has had its valuation clipped as low as $3.5 billion this year, but a source with knowledge of the new deal told TechCrunch that the company is on track for a post-money valuation of $7 billion once the full $2.1 billion raise is finalized. That a slight bump pre-money on that 2015 fundraise when Ola was valued at $5 billion post-money wh
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