Vanguard Slashes Ola Valuation 99% To $70 Mn As Losses Mount Ahead Of IPO
Vanguard cut its Ola Electric mark to $70 Mn from $7 Bn in 2021, with its stake now worth just $728K. Ola Consumer posted FY25 losses of ₹662 Cr on ₹1,171 Cr revenue, with accumulated losses crossing ₹21,000 Cr. The markdown lands as Ola preps its public listing.
What happened
Vanguard slashed Ola's valuation 99% to $70 Mn amid widening losses and IPO prep. Roundup also covers BlueStone's FY30 ₹12,000 Cr target, Agilitas' $24 Mn
Key facts
- Ola valued at $70 Mn by Vanguard, down from $7 Bn in 2021
- Vanguard holding worth $728K
- Ola Consumer FY25 losses ₹662 Cr
- Ola FY25 revenue ₹1,171 Cr
- Ola accumulated losses ₹21,000 Cr
- BlueStone FY30 target ₹12,000 Cr revenue vs FY26 ₹2,486 Cr
- BlueStone AOV ₹66,000, 9.4 Lakh customers
- Agilitas raised ₹225 Cr ($24 Mn); Nexus ₹200 Cr, Rainmatter ₹25 Cr
- Agilitas total raised $68 Mn, FY26 manufacturing revenue ₹1,350 Cr
- Indus OS acquired by PhonePe for $90 Mn in 2022
- Fraganote raised ₹29 Cr ($3 Mn) Series A, total $4 Mn, 42 SKUs, 14 kiosks, 3 Lakh customers, AOV ₹1,500
- SoftBank sold 5.65 Cr Lenskart shares worth ₹2,873.3 Cr at ₹508.55
- Societe Generale bought ₹698.44 Cr
- GOAT Robotics FY26 revenue ₹10.8 Cr, 25 robots, ₹100 Cr target by 2029
Why this matters
Ola's distressed pre-IPO valuation reset opens a window for strategic stake-building or asset-level conversations as accumulated losses cross ₹21,000 Cr.