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Vanguard slashes Ola Consumer valuation 99% to $70M ahead of IPO
Vanguard marked down its Ola Consumer stake to imply a $70 million valuation, a 99% cut from 2015 entry. The markdown precedes Ola's planned IPO, amid declining revenue, widening losses, and rising competition from Uber and Rapido.
Reported figures
From the report. Source details below
| $51.7 million invested in | 2015 |
|---|
Also in the report
- $70.3 million implied valuation
- FY25 revenue ₹1,171 crore (-42%)
Other figures
- $728,000 carrying value
- FY25 net loss ₹662 crore