Ola's valuation plunges 74% to $1.9 billion


Content Team
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Vanguard, a US-based asset management company, has once again lowered the value of ANI Technologies, Ola's parent company, according to regulatory filings. This marks the third consecutive markdown of Ola by Vanguard, bringing the Bhavish Aggarwal-led company's valuation to approximately $1.9 billion. This is a staggering 74% decrease from Ola's peak valuation of $7.3 billion in December 2021 when it secured $139 million from investors like IIFL and Edelweiss PE.