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Ola's valuation slashed down to Rs 15615 crore by Vanguard, down from Rs 53300 crore…

Ola posted Rs 2,800 crore revenue in the fiscal year 2022-23, while managing to cut its losses by almost 50 percent.

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Exchange Commission , Aggarwal Run Ola , Ola Valuation , Ola Electric , La India , Bhavish Aggarwal ,

Tata Cliq continues to bleed; Ola's valuation trimmed to $3.5 billion

Smoke is billowing as the Tata Group continues to burn cash on its first ecommerce platform — Tata Cliq. Tata UniStore Ltd, which owns and runs Tata Cliq, saw its net losses rise in double digits and turnover drop more than 50% in fiscal 2022-23. The exit from certain categories of electronics is the reason behind the drop in revenues, per the companys filings. But how about the rise in losses? This and much more in todays ETtech Morning Dispatch. ....

David Kempner , Mohit Yadav , Tata Cliq , Bhavish Aggarwal , Arpit Agarwal , Amit Jaju , Gopal Asthana , Pankaj Chaudhary , Tata Neu , Lidiane Jones , Vikas Purohit , Davidson Kempner , Tata Unistore , Ankura Consulting Group , Tata Unistore Ltd , Vanguard Group , Tata Group , Fidelity Investments , Aakash Educational Services , Exchange Commission , Payu India , Nykaa Fashion , Rajya Sabha , Davidson Kempner Capital Management , Citrus Payments , Blume Ventures ,

Vanguard slashes ride-hailing giant Ola's valuation by 52%: Report

Vanguard disclosed a 51.6% reduction in the value of its shares in ANI Technologies, Ola's holding firm, as of the end of May 2023. ....

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