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The US-based investment management company Vanguard has slashed ride-hailing firm Ola's valuation by 35 per cent amid global macroeconomic conditions, reducing its worth to about $4.8 billion.According to a report in TechCrunch, Vanguard cut ...
Vanguard has cut Ola's valuation amid a weakening global economy that has impacted market cap across numerous public firms.
The Bengaluru-based unicorn is in the middle of a major restructuring exercise. It had earlier laid off about 2,000 employees.
The Bengaluru-based unicorn is in the middle of a major restructuring exercise. It had earlier laid off about 2,000 employees.
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