Vanguard trims Indian ride-hailing giant Ola’s valuation by 35%

Ola, an Indian ride-hailing startup, has seen its valuation trimmed by its backer Vanguard amid a weakening global economy that has significantly impacted market capitalizations across numerous public companies.
Vanguard cut the valuation of Ani Technologies, Ola’s holding firm, by 35% as of the end of the February, it disclosed in its semi-annual report to investors. The U.S. index fund pioneer marked down the holding of its Ola shares to $33.8 million, from the $51.7 million purchase price, according to an analysis of its filings.
During the same period, the growth fund of Vanguard rep

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