Ola's Valuation Cut to $2 Billion By Vangaurd
05 November 2024
Ride-hailing major Ola's valuation has been slashed to about $2 billion, representing a 72% decline from its peak valuation in late 2021. US-based investor Vanguard now values its shares in ANI Technologies, Ola's parent company, at $14.3 million. This is compared to the $51 million initially invested, according to regulatory filings by the US asset manager. In Feb, Vanguard had attributed a similar valuation to ola at about $1.9 billion. Ola Cabs hit a peak valuation of $7.3 billion in late 2021.
Ride-hailing major Ola's valuation has been slashed to about $2 billion, representing a 72% decline from its peak valuation in late 2021. US-based investor Vanguard now values its shares in ANI Technologies, Ola's parent company, at $14.3 million. This is compared to the $51 million initially invested, according to regulatory filings by the US asset manager. In Feb, Vanguard had attributed a similar valuation to ola at about $1.9 billion. Ola Cabs hit a peak valuation of $7.3 billion in late 2021.
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