India’s online cab service, Olacabs has raised $210 million (Rs. 1281 crore) from SoftBank Internet and Media Inc. (SIMI) and its existing investors including Tiger Global, Matrix Partners India and Steadview Capital..Induslaw acted for Olacabs with a team led by Partner Gaurav Dani and Senior Associate Divya Varghese..AZB & Partners and Morrison Foester acted for Softbank. The AZB team was led by Bangalore-based Partner Srinath Dasari, while the Morrison team was led by Gregory M. Giammittorio..The existing investors were advised by in-house teams..The current Series D round of $210 million led by SoftBank is one of the largest fund-raises in the Indian consumer technology and mobile space. In July 2014 the firm had raised Rs 250 crore, reports Forbes India..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
