Vanguard cuts Ola Consumer valuation to $70 Mn, a 99% crash from $7 Bn peak
Vanguard has marked Ola Consumer's stake value at $728K, implying a $70 Mn valuation, down from a $7 Bn 2021 peak. The pre-IPO ride-hailer reported FY25 net loss of ₹662.4 Cr on shrinking revenue of ₹1,170.9 Cr, with accumulated losses of ₹21,212 Cr as Uber and Rapido tighten the squeeze.
Vanguard slashed Ola Consumer's valuation to $70 Mn, a 99% drop from its $7 Bn 2021 peak, as the ride-hailing firm prepares for an IPO amid mounting losses, falling revenue, and intensifying competition from Uber and Rapido.