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Ola’s $500m, 15-investor funding round draws in Indus, NDA, CAM [+Trilegal] with 5 foreign law firms [UPDATE-1]

IndusLaw advised Olacabs on raising $500m (Rs 3,320 crore) from 15 investors, some of which were advised by Nishith Desai Associates (NDA), Cyril Amarchand Mangaldas (CAM) and foreign law firms Goodwin Proctor, Gunderson Dettemer, Morrison & Foerster, Ropes & Gray and Fangda Partners.

Indus Delhi partner Gaurav Dani, senior associate Divya Varghese and associates Nitin Gera and Vijeta Kanabar acted for ANI Technologies – the owner of Ola.

Nishith Desai associates Aditya Shukla and Ruchi Biyani acted for new investor JS Capital.

CAM Mumbai partner Ashwath Rau, partner designate Dhruv Singhal, senior associate Priyoma Mazumdar and associate Priyanka Butani acted for new investor Lathe.

Goodwin partner Yash Rana and associate Abhishek Krishnan acted for new investors DST V and Falcon.

Gunderson partner Steven L Baglio acted for existing investor Internet Fund.

MoFo counsel Amit Kataria acted for existing investor SIMI Pacific.

Ropes attorney Joshua Torell acted for new investors Vanguard World Funds and Vanguard Variable Insurance Funds.

Fangda lawyers Iris Chen and Angeal Zhao acted for new investor Cheering Venture Global.

Update: Vanguard funds was advised by Trilegal partners Nishant Parikh, Gautam Singh and Himanshu Sinha.

New investor JS Capital was advised in house.

Other new investors in this “Series H” round were Parkwood Bespin and Dan Neary, and other existing investors who also participated were three investors under the collective SV Entities, and Tiger Global.

Ola has grown over 30 times in the last one year and currently dockets over one million cab booking requests per day, with over 3.5m registered vehicles, reported the New Indian Express.

The four-year-old aggregation start-up’s other fundraising this month was from Arun Sarin.

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