Ola's valuation slashed 40% to $3 billion by Vanguard
US-based investment firm Vanguard Group has slashed the valuation of its stake in Ola by 40%, bringing the cab-hailing startup's valuation close to $3 billion. Ola's valuation was at a peak of $5 billion when it last raised $500 million in funding in November 2015. Vanguard also owns a small stake in another billion-dollar Indian startup Flipkart.