Ola Consumer valuation craters 90%+ to $70 Mn as Rapido overtakes cab share
FY25 revenue collapsed 42% to ₹1,171 Cr with net loss of ₹662 Cr. Moody's and S&P downgrades, a looming $65 Mn term loan, and only ₹653 Cr cash on hand are fueling acquisition chatter. Rapido has crossed 20% cab share, breaking the Ola-Uber duopoly.
Ola Consumer's valuation crashed 90%+ to $70 Mn as FY25 revenue fell 42% to ₹1,171 Cr and losses doubled. Moody's/S&P downgrades, looming $65 Mn loan, and Rapido overtaking it in cabs trigger acquisition speculation, which Ola denies.
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