Temasek and an affiliate of Warburg Pincus are investing $500 million in Indian ride-hailing giant Ola. Ola Co-founder and Chief Executive Bhavish Aggarwal is also participating in the new investment.

This is the first time SoftBank-backed Ola, which leads the market in India, has raised money since its Series J financing round two years ago, according to records on insight platform Tracxn.

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