Vanguard slashes Ola Consumer valuation to $70 Mn, a 99% cut from 2021 peak
Vanguard marked down its Ola Consumer stake to just $728,000, implying a $70 Mn valuation versus the $7 Bn 2021 peak. The IPO-bound ride-hailing firm posted FY25 revenue of ₹1,170.9 Cr (down 42%), a ₹662.4 Cr net loss, and accumulated losses of ₹21,212 Cr as Uber and Rapido tighten their grip.
What happened
Vanguard slashed Ola Consumer's valuation to $70 Mn, a 99% drop from its 2021 peak, as the ride-hailing firm prepares for an IPO amid widening losses, falling
Key facts
- $70 Mn valuation
- $728,000 stake value
- $51.7 Mn invested in 2015
- 99% drop from $7 Bn peak
- FY25 net loss ₹662.4 Cr
- FY25 revenue ₹1,170.9 Cr (down 42%)
- Accumulated losses ₹21,212 Cr
- Debt ₹586 Cr
Why this matters
A wounded, IPO-bound Ola at $70 Mn creates an opportunistic window for strategic acquirers or consolidators to absorb fleet, brand, and licenses at a fraction of peak cost basis.