Vanguard Slashes Ola’s Valuation by Over Half

  • Vanguard reduced the value of its shares in Ola’s holding firm, Ani Technologies, by 51.6%, marking the ride-hailing startup’s total valuation to roughly $3.5 billion.
  • The reduction joins a trend of major investment firms lowering the valuations of Indian startups, highlighted by Invesco, Prosus, and Fidelity’s recent reevaluations.
  • These valuation cuts underline the impact of challenging global market conditions on Indian startups, despite varied valuation methods among investors.
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