- 3 Nov 2010
- Reaction score
- Ola announced that it has entered an agreement to acquire online lending platform Avail Finance.
- Ola had first invested in Avail Finance back in 2019 and presently owns 9% stake in it.
- Ola believes that the acquisition could help the company further enhance their own financial services offering.
Ola is going to acquire CEO Bhavish Aggarwal’s brother’s firm Avail finance
Ride hailing giant Ola on Friday announced that it has entered an agreement to acquire online lending platform Avail Finance, which is run by Ola’s founder and chief executive (CEO) Bhavish Aggarwal’s brother Ankush Aggarwal. The companies did not disclose the terms of the deal as the...