Vanguard slashes Ola Consumer valuation to $70 Mn, a 99% cut from 2021 peak
Vanguard marked down its Ola Consumer stake to just $728,000, implying a $70 Mn valuation versus the $7 Bn 2021 peak. The IPO-bound ride-hailing firm posted FY25 revenue of ₹1,170.9 Cr (down 42%), a ₹662.4 Cr net loss, and accumulated losses of ₹21,212 Cr as Uber and Rapido tighten their grip.
Vanguard slashed Ola Consumer's valuation to $70 Mn, a 99% drop from its 2021 peak, as the ride-hailing firm prepares for an IPO amid widening losses, falling revenue, and rising competition from Uber and Rapido.