Ola parent ANI Technologies valuation slashed 99% to $70M by Vanguard as Rapido, Uber dominate
Vanguard marked down ANI Technologies' fair value to $70 million from $7.3 billion peak, leaving the parent worth less than its Ola Electric stake. FY25 revenue fell 42% to Rs 1,171 crore as net loss widened to Rs 662 crore amid stalled IPO plans and competitive pressure from Rapido and Uber.
Vanguard slashed Ola parent ANI Technologies' fair value 99% to $70 million as Rapido and Uber dominate ride-hailing. ANI's FY25 revenue fell 42% to Rs 1,171 crore with net loss widening to Rs 662 crore amid IPO plans.