Indian ride-sharing firm Ola is planning to raise up to $1 billion through an IPO. Most of Ola’s operations are in India, but the company’s ride-hailing services are also available in the U.K., Australia, and New Zealand. The decision comes after the company had to cut its workforce last year from the pandemic. Last month, Ola announced that Plum Wood Investment, an affiliate of global private equity firm Warburg Pincus, and Singapore state investor Temasek planned to invest $500 million into the company ahead of its IPO.