Vanguard Slashes Ola Valuation 99% To $70 Mn As Losses Mount Ahead Of IPO
Vanguard cut its Ola Electric mark to $70 Mn from $7 Bn in 2021, with its stake now worth just $728K. Ola Consumer posted FY25 losses of ₹662 Cr on ₹1,171 Cr revenue, with accumulated losses crossing ₹21,000 Cr. The markdown lands as Ola preps its public listing.
Vanguard slashed Ola's valuation 99% to $70 Mn amid widening losses and IPO prep. Roundup also covers BlueStone's FY30 ₹12,000 Cr target, Agilitas' $24 Mn raise, Indus Appstore cofounder exit, Fraganote's $3 Mn round, and SoftBank's ₹2,873 Cr Lenskart block deal.