#ola Tech News.
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StartupsInc42about 5 hours ago
Ola Consumer's Race Against TimeOla Consumer's valuation fell to $70 million after Vanguard marked down its investment from $7.3 billion in 2021. The drop follows a 42% revenue decline to ₹1,171Cr in FY25 and net losses rising to ₹662Cr. Cash reserves halved from ₹1,395Cr to ₹653Cr in the same period. Moody's and S&P Global downgraded Ola Consumer's credit rating, citing dwindling liquidity.
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