Vanguard Cuts Ola's Valuation to $2 Billion from $7.3 Billion, Maintains $3.5 Billion Funding Status as of End-August

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.