Vanguard trims Indian ride-hailing giant Ola’s valuation by 35%

TechCrunch
By Manish SinghMay 10, 2023, 11:42 am143 pts
Ola, an Indian ride-hailing startup, has seen its valuation trimmed by its backer Vanguard amid a weakening global economy that has significantly impacted market capitalizations across numerous public companies. Vanguard cut the valuation of Ani Technologies, Ola’s holding firm, by 35% as of the end of the…

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