Vanguard cuts Ola Consumer valuation to $70 Mn, a 99% crash from $7 Bn peak
Vanguard has marked Ola Consumer's stake value at $728K, implying a $70 Mn valuation, down from a $7 Bn 2021 peak. The pre-IPO ride-hailer reported FY25 net loss of ₹662.4 Cr on shrinking revenue of ₹1,170.9 Cr, with accumulated losses of ₹21,212 Cr as Uber and Rapido tighten the squeeze.
What happened
Vanguard slashed Ola Consumer's valuation to $70 Mn, a 99% drop from its $7 Bn 2021 peak, as the ride-hailing firm prepares for an IPO amid mounting losses,
Key facts
- $70 Mn valuation
- $728,000 stake value
- $51.7 Mn invested in 2015
- $5 Bn 2015 valuation
- $7 Bn peak 2021
- 99% decline
- $1.88 Bn early 2024
- $1.25 Bn May 2025
- FY25 net loss ₹662.4 Cr
- FY24 loss ₹328.7 Cr
- Revenue ₹1,170.9 Cr FY25
- Revenue ₹2,011.9 Cr FY24
- Accumulated losses ₹21,212 Cr
- Debt ₹586 Cr
- IPO prepaid ₹18.8 Cr
Why this matters
Ola Consumer at a $70 Mn implied valuation with ₹21,212 Cr accumulated losses opens a distressed-asset window for strategic buyers eyeing scaled mobility infrastructure on the cheap.