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Vanguard slashes Ola's valuation to $1.25 billion
Financial Express Chandigarh
|May 10, 2025
US-BASED ASSET management company Vanguard has marked down Ola's valuation to $1.25 billion, according to an SEC filing.
This represents more than 80% drop from its peak valuation of $7.3 billion in 2021.
In February last year, Vanguard had for the first time valued the Bhavish Aggarwal-led company below the $2-billion mark — at $1.88 billion. However, it later revalued the company at around $2 billion in November.
This story is from the May 10, 2025 edition of Financial Express Chandigarh.
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