JSA advised Mirae Asset Group on its investment into ANI Technologies Private Limited (OLA Cabs)

Advised Mirae Asset-Naver Asia Growth Investment Pte Ltd (“Mirae”) and Mirae Asset Capital Markets (India) Private Limited (“Mirae India) in respect of its investment of approximately US$ 30 million and US$ 5 million respectively into ANI Technologies Private Limited (“OLA”), one of the world’s largest ride-sharing companies.

OLA integrates city transportation for customers and driver-partners onto a mobile technology platform ensuring convenient, transparent, and quick service fulfilment. OLA is focused on leveraging the best of technology and building innovative solutions ground-up, that are relevant at global scale.

The investment by Mirae and Mirae India forms part of OLA’S ongoing large Series J round of fundraising which has recently seen participation from Hyundai Motors and Kia Motors.

JSA Lawyers InvolvedPartner – Manav Raheja and Associate – Gaurav Matta.

The competition law aspects were advised by Partners – Amitabh Kumar and Vaibhav Choukse, Principal Associate – Unnati Agrawal and Associate – Akansha Mehta.