Vanguard values Ola at $1.25 Bn

Vanguard has valued Ola at $1.25 billion in its latest markdown, a 65% reduction from the 2021 peak valuation of $7.3 billion. The US fund's internal valuation reflects growing investor skepticism about Indian mobility startups' profitability timelines. Ola faces intense competition in both ride-hailing and electric vehicle segments amid high cash burn. The down valuation comes despite Ola Electric's impending IPO, signaling disconnect between private and public market expectations. Industry analysts attribute this to delayed EV scale-up and market share losses to Uber in core business. Ola's management maintains the markdown doesn't reflect intrinsic value as they focus on path to profitability.