Vanguard slashes Ola's valuation to $1.25 billion

US-BASED ASSET management company Vanguard has marked down Ola's valuation to $1.25 billion, according to an SEC filing.

- FE BUREAU

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.