India’s Ola raises about $314 million in fresh funding: company filing

9984.T), which did not participate in this round.

Last month, Ola bought rival TaxiForSure for $200 million in one of India’s biggest e-commerce deals as it competes against fast-growing United States-based rival Uber.

Ola is investing in technology, better safety features and new offerings as it expands its network.

Besides letting customers hail taxis as well as autorickshaws, the cheaper three-wheeled taxis that ply on India’s roads, Ola’s mobile app also allows customers to order food in some localities.

(Reporting by Nivedita Bhattacharjee in Mumbai- Editing by Sumeet Chatterjee and Biju Dwarakanath)