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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%.
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Vanguard redujo la valoración de la empresa matriz de Ola, ANI Technologies, a 1.880 millones de dólares por tercera vez consecutiva, una disminución del 74% desde el máximo de 2021.