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Vanguard, which holds 166,185 shares of Ola or about 0.7 percent stake in the company, has pegged the fair value of its stake at $25,038,000, down from its acquisition cost of $51,748,000, the AMC's regulatory filings showed. This implies a valuation of $3.5 billion for Ola against its last private market valuation of $7.3 billion.
Vanguard has reportedly cut the valuation of its stake in homegrown ride-hailing giant Ola, making it the second markdown this year.
Fidelity Blue Chip Growth Funds stake in the San Francisco-headquartered startup was valued at nearly $11.09 million as of April 30, 2023, which it successively marked down.
Fidelity has now valued its holding in Gupshup at $8.08 Mn, at the end of June, trimming it from $10.15 Mn at the end of May this year
Inc42 has compiled a list of some of the most active investors who have actively backed Indian fintech startups.