The two founders, together, may get an additional 4 lakh shares, which will be worth Rs 520 crore, according to the share price at the last financing round of Ola. During the negotiation for the round, SoftBank had offered to invest close to $1 billion in Ola which would have given the Masayoshi Son-led firm a controlling stake in the Bengaluru-based company, said one source. "Usually the investor will play up the fact that whoever is bringing more capital will need more visibility, equity and more control. There maybe operational elements where an investor takes charge during a down round," said Sandeep Murthy, a partner at venture capital firm Lightbox Ventures. "But it's very rare for the management & founders to get a bigger budget and the option of spending the money as they please during a down round."

Source: Economic Times May 17, 2017 19:52 UTC