US-based investor Vanguard has slashed Ola's valuation to $2 billion, as of the end of August. This marks over 72% fall since late 2021 when the ride-hailing company's valuation hit $7.3 billion. Vanguard now values its shares in ANI Technologies, Ola's parent company, at $14.3 million. This comes amid multiple high-level exits at the Bhavish Aggarwal-led company.