Ola’s valuation nosedives to $1,88bn

New Delhi: US-based investment firm Vanguard has reportedly slashed down ride-hailing major Ola’s valuation to less than $2 billion.

Vanguard marked down Ola’s parent company ANI Technologies valuation to $1.88 billion (as of Nov 30, 2023), as per its regulatory filings with the US Securities and Exchange Commission (SEC). This valuation is 29 per cent lower than its previous fair value of $2.65 billion (August last year), reports Entrackr.