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Vanguard has revised its valuation of Indian ride - hail startup Ola to about $ 2 billion as of the end of August , according to a regulatory filing .
A U.S. asset manager ’s fund disclosed in a filing that it values its holding in ANI Technologies , the parent business firm of Ola , at about $ 14.3 million , compare to some $ 51 million it spent to get those shares .
The revealing imply a rating of about $ 2 billion for the Bengaluru - headquartered inauguration , which wasvalued at $ 7.3 billionin late 2021 . Ola competes with Uber , Swiggy - backed Rapido , andGoogle - backed Moving Techin India ’s ride - hail market place .
The valuation accommodation stick with previous cuts by Vanguard , include one in August 2023 that valued the society atabout $ 2.6 billion .
Bhavish Aggarwal co - establish Ola in 2010 . Ola Electric , which spun out of Ola Cabs several years ago , go public earlier this yearand overlook a marketplace cap of $ 4.2 billion . His third speculation , AI startup Krutrim , raised its first financing round earlier this twelvemonth ata rating of $ 1 billion .
