Ola in talks with Microsoft for USD 200 million funding

New Delhi: Ride-hailing major Ola is in advanced talks with tech giant Microsoft to raise about USD 150-200 million (about Rs 1,050-1,400 crore) in funding, 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. Emails sent to Ola did not elicit any response, while Microsoft declined to comment.