Indian ride-hailing app and Uber rival Ola has raised another $50m (£38m) as it continues to build on its international ambitions.

The ride-hailing challenger, which is competing with Uber, recently launched in the UK bringing its cabs and app to Manchester and South Wales.

The latest funding brings Ola's total raised to around $3.3bn. Ola raised the new capital from Chinese private equity fund Sailing Capital and the state-backed China-Eurasian Economic Cooperation Fund, according to Indian media reports.

The company was founded by Bhavish Aggarwal in 2010 in Mumbai and currently has 125 million customers in 110 cities after it made its first operational expansion outside of India to Australia earlier this year.

Ola plans to use the funding to help it expand to New Zealand.

The taxi app has set out to distinguish itself from other ride-hailing apps, such as Uber and Gett UK, by focusing on rider safety and offering a range of vehicle options.

The new funding was raised for around 1pc of the company, suggesting a new valuation of $4.3bn.