Ola in talks with Microsoft to raise $200 million in funding: Report

Ride-hailing major Ola is in advanced talks with tech giant Microsoft to raise about $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.

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

One of the sources said the two companies will continue to their deep technology partnership in areas like cloud, and will also collaborate on emerging mobility technology, especially connected vehicles.