Vanguard lowered Ola's parent company ANI Technologies' valuation to $1.88 billion for the third consecutive time, a 74% decrease from 2021's peak.

Vanguard, a US-based asset management company, has reduced the valuation of Ola's parent company ANI Technologies to $1.88 billion, marking the third consecutive time the valuation has been lowered. This is a 74% decrease from Ola's peak valuation of $7.3 billion in 2021. Despite these valuation cuts, Ola posted revenue of Rs 2,800 crore in the 2022-23 fiscal year and managed to reduce its losses by approximately 50%.

February 05, 2024
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