Vanguard slashes Ola valuation 99% to $70 Mn; Agilitas, Fraganote raise fresh capital
Vanguard marks down Ola Consumer to $70 Mn from $7 Bn ahead of IPO prep, as FY25 losses hit ₹662 Cr on ₹1,171 Cr revenue. BlueStone eyes ₹12,000 Cr by FY30. Agilitas bags ₹225 Cr, Fraganote ₹29 Cr. SoftBank offloads ₹2,873 Cr Lenskart stake via block deal.
What happened
Roundup: Vanguard slashes Ola valuation 99% to $70 Mn amid IPO prep; BlueStone targets ₹12,000 Cr by FY30; Agilitas raises $24 Mn; Fraganote raises $3 Mn;
Key facts
- Ola valuation cut to $70 Mn from $7 Bn
- Vanguard holding valued at $728K
- Ola Consumer FY25 loss ₹662 Cr
- Ola revenue ₹1,171 Cr
- Ola accumulated losses ₹21,000 Cr
- BlueStone FY30 target ₹12,000 Cr
- BlueStone FY26 revenue ₹2,486 Cr
- Agilitas raised ₹225 Cr ($24 Mn)
- Fraganote raised ₹29 Cr ($3 Mn)
- Lenskart block deal ₹2,873.3 Cr
Why this matters
BlueStone's ₹12,000 Cr FY30 ambition and the SoftBank-Lenskart block deal create a window to acquire distressed retail assets at reset valuations, with Ola Consumer now potentially in play at a 99% discount to peak.