Z47, Tiger Global Cut Stakes In Ola Electric

Ola Electric Faces Investor Pullback Ahead of IPO

In 2019, Z47 made their initial investment of INR 107 crore in Ola Electric. The AI startup Krutrim and the ride-hailing company Ola Cabs are also owned by the venture capital fund.Z47 and Tiger Global’s Exit StrategyIn October of last year, ET revealed that Z47 is reducing its ownership of Ola, the fintech startup Razorpay, the business-to-business (B2B) commerce company OfBusiness, and the local language content platform Dailyhunt in order to …

Z47, Tiger Global Cut Stakes In Ola Electric

Two of Ola Electric’s early backers, Z47 and Tiger Global Management, have pared down their holdings in the startup during the first quarter of the ongoing financial year (Q1 FY26). As per the data shown on the exchanges, Z47 and Tiger Global Management have diluted 0.81% and 0.21% stake in Ola Electric, respectively. As per the share price closed yesterday (Aug 5), Z47 is estimated to have earned more than INR 144 Cr by diluting its shares. On …