India, June 4 -- Ola Valuation Slashed By 99%

Problems continue to pile up at Ola. Early backer Vanguard has marked down the ride-hailing giant's valuation to about $70 Mn on its books, a near-total collapse from the $7 Bn in 2021. With losses widening and market share eroding, can Ola make a comeback?

The Valuation Reset: The latest markdown underscores how far Ola has fallen. Vanguard, which first backed the company in 2015, now values its holding in Ola at about $728K. This is the latest in a series of valuation cuts by Vanguard, which valued the startup at $1.88 Bn in early 2024 and $1.25 Bn in May 2025.

The move does not set Ola's market price, but it is a strong signal of how investors view the company's future.

Ola's Financial ...