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Microsoft is likely to invest up to USD 50-100 million for stake in Ola's parent company ANI Technology Pvt Ltd, a report in the Livemint said. The move is likely to push the online cab aggregator to switch to Microsoft’s Azure cloud platform from Amazon Web Services (AWS).
Microsoft's move comes at a time when Ola is trying to raise funds after a sharp drop of over USD one billion in its pre-money valuation in September 2015.
Microsoft likely invest up to $100 million in Ola's parent company ANI Technology
Microsoft's move comes at a time when Ola is trying to raise funds after a sharp drop of over USD one billion in its pre-money valuation in September 2015.
Microsoft likely invest up to $100 million in Ola's parent company ANI Technology