<p>Ola said on Thursday it had raised Rs 3,803 crore ($500 million) loan from international institutional investors, as the SoftBank Group-backed startup preps to make its stock market debut next year.</p>.<p>Ola, which has a majority share of India's ride-hailing market where it competes with Uber Technologies, has plans to raise up to Rs 7,607 crore ($1 billion) through an initial public offering.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/ola-begins-delivery-of-e-scooters-after-two-month-delay-1061291.html" target="_blank">Ola begins delivery of e-scooters after two-month delay</a></strong></p>.<p>Earlier this month, Ola Chief Executive Officer Bhavish Aggarwal said the company planned to go public in the first half of 2022.</p>.<p>The proposed loan issuance got a staggering response from investors with interest and commitment of about Rs 11,412 crore ($1.5 billion), the Bengaluru-based company said.</p>.<p>Aggarwal also plans to list Ola's separate electric vehicle business in the future - a segment it has bet heavily on - and is currently building it out starting with electric scooters. Ola began deliveries of its electric scooters on December 15.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>
<p>Ola said on Thursday it had raised Rs 3,803 crore ($500 million) loan from international institutional investors, as the SoftBank Group-backed startup preps to make its stock market debut next year.</p>.<p>Ola, which has a majority share of India's ride-hailing market where it competes with Uber Technologies, has plans to raise up to Rs 7,607 crore ($1 billion) through an initial public offering.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/ola-begins-delivery-of-e-scooters-after-two-month-delay-1061291.html" target="_blank">Ola begins delivery of e-scooters after two-month delay</a></strong></p>.<p>Earlier this month, Ola Chief Executive Officer Bhavish Aggarwal said the company planned to go public in the first half of 2022.</p>.<p>The proposed loan issuance got a staggering response from investors with interest and commitment of about Rs 11,412 crore ($1.5 billion), the Bengaluru-based company said.</p>.<p>Aggarwal also plans to list Ola's separate electric vehicle business in the future - a segment it has bet heavily on - and is currently building it out starting with electric scooters. Ola began deliveries of its electric scooters on December 15.</p>.<p><strong>Check out the latest videos from <i data-stringify-type="italic">DH</i>:</strong></p>