Indian online transportation network company Ola Cabs has landed $16 million in another tranche of funding round.
Ola secured the funds from at least nine new investors, including J3T Ventures and HBM Investment in its ongoing Series J round.
The latest round, which values the company at around $6 billion, is a part of the $1 billion announcement which Ola has been raising in tranches.
The company has bagged a total of $3.4 billion in over 19 funding rounds.