Ola's Valuation Takes a Ride: Down 50%| @MyStartupTV

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1. Ola's Valuation Takes a Ride: Down 50%
US investment major Vanguard slashed Ola's valuation by over 50% to $3.5 billion. Their holdings in ANI Technologies, Ola's parent company, dropped from the peak valuation of $7.3 billion, as reported in a regulatory filing with the SEC.
2. Deep-Tech Startup Policy Sparks Hope & Doubts
Deep-tech enablers & stakeholders have given a thumbs up to the government proposal to draft a deep-tech startup policy. On Tuesday, individuals involved in the deep-tech industry, such as founders, investors, and advisors, shared their optimism about drafting deep-tech startup policy recommendations. They believe these proposals will foster innovation and investment in the sector, although some also voiced concerns about their overall effectiveness.
3. Foxconn Eyes India & Thailand for EV Venture
India is being considered as the potential production location for Foxconn. The news was confirmed by the CEO of Foxconn's venture to news agency Reuters. The company is aiming to create a standardized electric vehicle platform and it is considering India or Thailand as potential production locations for their in-progress small battery-powered car.
4. Tata Cliq: E-commerce Losses Escalate
Tata Group's debut e-commerce platform, Tata Cliq, has registered losses amounting to ₹874.7 crore for fiscal year 2022-23. This is a 16% rise in losses and its turnover has plummeted to ₹407.7 crore, less than half of the previous year's ₹844.6 crore. Tata UniStore, the owner and operator of Tata Cliq, disclosed the losses in its regulatory disclosures
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