US Investment Firm Vanguard Cuts Olas Valuation To $1.25 Billion As IPO Faces Uncertainty
New Delhi: US-based asset management firm Vanguard has sharply reduced the valuation of ride-hailing company Ola to $1.25 billion, according to its latest filing with the US Securities and Exchange Commission (SEC). This marks a significant drop of over 80 per cent from Ola’s peak valuation of $7.3 billion in 2021. Earlier in February 2024,…