Vanguard slashes Ola Consumer valuation to $70M, a 99% cut from 2021 peak
Vanguard wrote down its Ola Consumer stake to a $70.3M implied valuation, down from a $7.3B peak in 2021. The IPO-bound ride-hailer posted a 42% FY25 revenue decline to Rs 1,171 cr and Rs 662 cr net loss as Uber and a $3B-valued Rapido squeeze share.
Vanguard slashed Ola Consumer's valuation to $70.3M, down 99% from its 2021 peak of $7.3B, as the ride-hailing firm preps for IPO amid 42% FY25 revenue decline and rising competition from Uber and Rapido.