Vanguard cuts Ola’s valuation to $2b from $7b. https://t.co/7QJzh8t9Ac
No, startups shouldn’t always take the highest valuation, seed VCs say: https://t.co/bEKVNTkVqy by TechCrunch #infosec #cybersecurity #technology #news
Vanguard is keeping its valuation of Ola at $2b, as of end-August - filing Ola, last valued at $7.3b in late 2021, has raised over $3.5b against equity and debt
Vanguard has significantly reduced the valuation of Indian ride-share startup Ola to $2 billion, down from its previous valuation of $7.3 billion in late 2021. The firm maintains this valuation as of the end of August, despite Ola having raised over $3.5 billion in equity and debt financing. This adjustment reflects the ongoing challenges in the ride-sharing sector and the broader economic environment affecting startup valuations. Investors are increasingly cautious, emphasizing the importance of solving real problems over hype when considering investments in technology and cybersecurity sectors.
