South Korea-based Hyundai, an automotive manufacturer, is in talks to infuse up to $300 million in Ola, an Indian online transportation network company.
The funding is expected to be part of Ola’s ongoing Series J round, which may value Ola $6 billion.
Ola plans to use the funds to boost its international extension.
To date, Ola has secured around $3.5 billion in primary capital from a number of local and global investors.