Ola announced its Arrival in New Zealand after receiving a $50 Million Funding from Sailing Capital

OLA recently got valued at $4.3 billion after a $50 million funding from Sailing Capital which is a Hong Kong based Private Equity Firm and the China - Eurasian Economic Cooperation Fund.

The investors are said to hold a combine stake of over 1 percent in the company. OLA is also expected to raise more funds in the coming months from other investors including Singapore's Temasek.

After the launch in Australia and UK the company is also said to be launching its service in New Zealand. The company has also introduced its bike service to Agra in Uttar Pradesh. It is the fourth city in the region and the 17th city across India to have benefited from the service.