Unlisted Markets

ANI Technologies Private Limited (Ola Consumer / Ola Cabs)

Consumer Internet · Ride-hailing / Mobility

Unlisted / private marketUnlistedScreened Candidate
Prospera Indicative PriceIndicative price unavailable

Awaiting a verified source quote. No third-party quote is on record for this company yet, so there is no indicative price to show — and we would rather leave it blank than print a number we cannot stand behind. Our team can confirm the current dealable level directly.

Indicative private-market reference — not an exchange quote. Not investment advice.

Implied valuation
Not available
Revenue growth
Not disclosed
EBITDA margin
Not disclosed
Prospera Score
Not yet scored
Orientation

What the market says, and what we know.

Two separate things, deliberately shown side by side: a sourced private-market price reference, and the depth of research that actually stands behind this company today.

Market reference

No third-party quote has been sourced for this company yet, so there is no market reference to show. Ask us to check the current level and we will come back with what the market is actually doing.

Prospera researchScreened Candidate
  1. Research Universe — availableCatalogued as a strategically relevant private-market company.
  2. Basic Research — availableBusiness and ownership facts verified against primary sources — 2 sourced records on file.
  3. Deep Research — not availableNot started. No financials, no implied valuation and no Prospera Score exist for this company.
  4. Prospera Recommendation — not availableNo Prospera view has been published. Presence in the universe is not a recommendation.
Price history

Indicative Private-Market Price History

Real, dated third-party observations only — plotted where they exist, never interpolated, extended or carried forward. This is a record of private-market sightings, not a live exchange chart.

Price history not available. No dated third-party quotes have been sourced for this company yet.

What the company does

The business, in plain English.

Assembled only from records that exist for this company. Anything not disclosed says so.

Founded
2010
Headquarters
Bengaluru, Karnataka
Sector
Consumer Internet · Ride-hailing / Mobility
Promoters
Bhavish Aggarwal, Ankit Bhati

What it does

ANI Technologies operates the Ola ride-hailing app across auto-rickshaws, bike taxis, cabs and rentals, and has expanded under the 'Ola Consumer' umbrella into food and grocery delivery, financial products and AI/mapping services. It earns revenue primarily through commissions on rides booked via its platform. FY25 revenue plunged about 42% to roughly Rs 1,170.9 crore as consolidated losses widened to about Rs 662.4 crore amid intensifying competition.

Source: Outlook Business, Ola Cabs FY25 financials

Why it matters

Losing ground to Uber, which now commands roughly half of India's cab-hailing market, and to Rapido, which entered four-wheeler cabs in late 2023 and has rapidly taken share from both incumbents.

Source: Not attributed

Ownership structure

Historically backed by SoftBank, Tiger Global, Temasek and Warburg Pincus; founder Bhavish Aggarwal remains CEO; credit rating agency Moody's downgraded parent ANI Technologies' rating amid weakening operating performance and covenant pressure on its dollar term loan

Promoters & principal holders: Bhavish Aggarwal, Ankit Bhati

Private-market context

Unlisted; distinct from the separately-listed Ola Electric Mobility Ltd; no DRHP has been filed as of August 2026 despite earlier shareholder approval to drop 'Private' from its name ahead of a possible listing

UnlistedPre-IPODRHP FiledPublic

What to understand before investing

  • Unlisted shares can be difficult to sell. There may be no continuous market and no guaranteed buyer at the price you see.
  • Any price shown here is an indicative private-market reference, not an exchange quote and not an executable price.
  • An expected IPO may be delayed, repriced or never happen at all.
  • A good company can still be a poor investment at the wrong valuation.
These are standing characteristics of the asset class, not findings about this company. Company-specific risks appear below only where they have been researched.
Research status

Research is not yet complete for this company.

We would rather say that plainly than publish a page that looks finished.

No financials, no implied valuation and no peer comparison have been researched for this company yet.

No Prospera Private Market Score and no Prospera view exist. Being in our universe is not a recommendation, and we will not manufacture one to fill this space.

What you can rely on above is what has actually been verified: the company's identity and business facts, any sourced price observations on record, and any risks that have been documented. If you want us to prioritise deeper work here, ask — that is genuinely how the queue gets set.

Risk

What could go wrong.

Documented, per-company risks — grouped by the categories the research itself recorded. There is no risk score here, because we do not compute one.

Business

1 recorded risk

Founder Bhavish Aggarwal's attention and group capital have been partly diverted to the AI venture Krutrim, which by his own admission trails global competitors and derives roughly 90% of its revenue from two affiliated Ola group entities rather than external customers.

Source: Outlook Business / NewsBytes

Financial

1 recorded risk

FY25 revenue fell 42% and losses widened to about Rs 662.4 crore, with Moody's citing shrinking cash reserves and rising risk of breaching term-loan covenants ahead of a December 2026 repayment.

Source: Moody's / Outlook Business
Corporate events

What's happened, and why it matters.

Dated, sourced events only — recorded as they were reported, in reverse order of significance to a private-market holder.

  1. Other8 Nov 2025

    Moody's downgrades ANI Technologies to Caa1 with a negative outlook

    Reflects declining cash flow, sustained losses and rising risk of breaching loan covenants on its dollar term loan due for repayment by December 2026

    Source: Free Press Journal / Inc42
Sources & evidence

Everything traceable.

Every figure on this page comes from one of the records below. Where a source published a link, it is here.

FieldSourceAs of
Business DescriptionOutlook Business, Ola Cabs FY25 financialsNot disclosed
Competitive PositionNot attributedNot disclosed
Next step

Interested in ANI Technologies Private Limited (Ola Consumer / Ola Cabs)?

Every option below opens a conversation with a person at Prospera. Nothing here places, reserves or executes an order.

We will come back with the current dealable level, the available lot size and what the process actually involves. Indicative prices shown on this page are private-market references, not executable quotes.