Vanguard marks Ola Consumer to $70M, a 99% cut from 2021 peak as revenue craters
Vanguard's latest mark values Ola Consumer at just $70.3M, down from a $7.3B peak in 2021. FY25 revenue fell 42% YoY to ₹1,171 cr with a ₹662 cr net loss, while rival Rapido raised $240M at a $3B valuation and Uber tightens its grip on the ride-hailing market.
Vanguard slashed Ola Consumer's valuation to $70M, a 99% drop from its 2015 mark, as the ride-hailing firm faces a 42% FY25 revenue decline and rising competition from Uber and Rapido, which recently raised $240M at $3B.