Ola, an Indian transportation network company (INC) has raised capital worth INR35.9 crore in fresh investment from an investment fund named ‘ARK Ola Pre-

IPO Private Investment Trust” suggesting that the company might go public in the near future. According to documents filed with the Registrar of Companies, the Seoul-based private trust fund invested in Ola’s on-going Series-J round, and at a valuation of $6.3 billion as of today’s exchange rate. Details regarding fund composition are lacking from the regulatory filings but it could likely be an investment vehicle to shore up on late-stage capital. ARK Impact, an asset management company, seems to behind the fund.

It could not be ascertained whether or not Ola is really gearing for its IPO, but Bhavish Aggarwal has expressed his willingness to take the company public. In July last year, Agarwal had said that ola is making a profit on every ride and would become cash-flow positive soon. Agarwal said he and co-founder Ankit Bhaiti were planning for an IPO in the next “3-4 years."