Technology
Why One Startup Founder Turned Down a $1.1 Billion SoftBank Deal
Photographer: Dhiraj Singh/Bloomberg
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Startups, when they raise venture money to build their businesses, begin with a Series A round and then proceed through Series E, F or maybe G before going public. The Indian ride-hailing service Ola is a bit unusual: It just completed its Series J fundraising and is marching toward Series K, a letter almost unheard of by researchers that track such things.