OLA has announced a new investment to expand its financial and insurance services, while the automobile industry on the one hand is busy with the production of electric bikes and on the other hand, is busy as a new venture in online grocery sales. 


Ola Financial services, a subsidiary of ola, has announced an investment of about Rs 786.6 crore. ola is set to acquire a 100 percent stake in ola Financial services through this investment.



Ola Company

In a statement, ANI Technologies, the company that manages ola, said it had made an investment of Rs 786,64,12,400 to acquire shares in ola Financial Services. 



Through this investment, ola holds a 100% stake in ola Financial Services.



Ola Financial Services

 Ola Financial services has sold about 675 million policies so far. The company plays a key role in the ola Mobility platform.



In this situation, ola Financial services has received an investment of Rs 786.6 crore to expand its services.


Expansion abroad

In a statement, ANI Technologies said ola Financial services has decided to expand its insurance services in india and overseas.



Britain, australia, New Zealand

 UK, australia and New Zealand: It is also worth noting that ola has other services in these countries.



Credit services

In addition, ola Financial services plans to extend beyond insurance services to new two-wheelers, 4-wheeler loans and personal loan services. With this, ola has decided to move from the automobile sector to the financial services sector.

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