Ola parent ANI Technologies valuation slashed 99% to $70M by Vanguard as Rapido, Uber dominate

Vanguard marked down ANI Technologies' fair value to $70 million from $7.3 billion peak, leaving the parent worth less than its Ola Electric stake. FY25 revenue fell 42% to Rs 1,171 crore as net loss widened to Rs 662 crore amid stalled IPO plans and competitive pressure from Rapido and Uber.

— Source publishedThu, 4 Jun, 2026, 10:38 IST·First seen Thu, 4 Jun, 2026, 11:20 IST·Source NDTV Profit

What happened

Vanguard slashed Ola parent ANI Technologies' fair value 99% to $70 million as Rapido and Uber dominate ride-hailing. ANI's FY25 revenue fell 42% to Rs 1,171

Key facts

  • $70 million
  • $7.3 billion
  • 99%
  • Rs 1,171 crore
  • Rs 662.4 crore
  • Rs 328.7 crore
  • 42%
  • $90 million
  • Rs 500 crore

Why this matters

Stalled IPO plans and a sub-$100M valuation make ANI Technologies a distressed asset candidate for strategic acquirers or forced consolidation in Indian mobility.