Vanguard Slashes Ola’s Valuation By 35% To $4.8 Bn
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US-based investment firm Vanguard Group has reportedly reduced the value of ride-hailing startup Ola by 35% from $7.4 Bn to $4.8 Bn. According to Tracxn data, Vanguard holds 1,66,185 shares, or about a 0.7% stake, of ANI Technologies, the parent company of Ola. Vanguard pegged the value of its stake in Ola at $33.865 Mn on February 28, 2023, down from $51.825 Mn in August 2022.