Vanguard slashes Ola Consumer valuation to $70M, a 99% cut from 2021 peak
Vanguard wrote down its Ola Consumer stake to a $70.3M implied valuation, down from a $7.3B peak in 2021. The IPO-bound ride-hailer posted a 42% FY25 revenue decline to Rs 1,171 cr and Rs 662 cr net loss as Uber and a $3B-valued Rapido squeeze share.
What happened
Vanguard slashed Ola Consumer's valuation to $70.3M, down 99% from its 2021 peak of $7.3B, as the ride-hailing firm preps for IPO amid 42% FY25 revenue decline
Key facts
- $70.3M valuation
- $728,000 carrying value
- $51.7M invested in 2015
- 99% decline from peak $7.3B
- FY25 revenue Rs 1,171 cr (-42%)
- FY25 net loss Rs 662 cr
- Rapido $3B valuation
- $240M Rapido raise
Why this matters
Ola Consumer is now a distressed asset at sub-$100M—monitor for fire-sale M&A opportunities or talent acqui-hire plays as IPO prospects fade.