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Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.

Ola raises $500M to go ‘deeper into existing markets’ as India standoff with Uber continues

India’s dominant ride-hailing app, Ola, announced Wednesday that it has raised $500 million in fresh funds to defend against Uber’s challenge on its home turf.

A new valuation has not been disclosed, though news of the round that initially leaked back in September pegged Ola’s new valuation at $5 billion.

Update: A source familiar with the deal has told VentureBeat that the new valuation is indeed $5 billion.

Read more

Lyft is reportedly raising $500M at $4B valuation

The same day that U.S.-based ride-booking startup Lyft said it’s on track to hit $1 billion in gross annual revenue this year, the New York Times is reporting that the company is also in talks to raise $500 million in a fresh funding round that would leave it valued at around $4 billion.

Read more 

TutorGroup takes in $200M investment, hits $1B valuation

Educational tool TutorGroup announced today that it took in an investment close to $200 million, setting the Chinese company’s valuation at over $1 billion.

TutorGroup’s series C round was backed by Singapore’s sovereign fund GIC, the Russia-China Investment Fund (RCIF), Goldman Sachs Group Inc., and Silverlink Capital LP.

More: TutorGroup

Banking startup Card closes $9M funding round for growth

Banking service Card announced today that it closed a $9 million funding round led by Columbia Pacific Advisors’ Growth Capital strategy and Fenway Summer Ventures. The prepaid card startup said it has processed over $450 million in deposits to date.

The investment will be used to boost the company’s customer growth and tech development.

More: Card.com

Test IO raises $5M from Turn/River Capital

Turn/River Capital invested $5 million in Test IO, a startup offering a “self-service crowdtesting platform for app and web developers.”

More: Test IO

SafeDK raises $2.25M to launch its SDK management service

SDK management startup SafeDK launches with $2.25 million in funds from an investment led by StageOne VC.

Eddy Shalev, Marius Nacht, and Kaedan Capital also participated in the funding round.

Read more

 

This list will be updated with breaking funding news all day. Check back for more.

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