Bhavish Aggarwal’s Net Worth
$2 BILLION
Bhavish Aggarwal founded Ola Cabs with his college friend in 2011 upon leaving Microsoft Research India, quickly growing it into an aggressive rival to Uber Technologies Inc. while diversifying into online payments and food delivery. As of 2024, Bhavish Aggarwal’s net worth is over $2 billion.
Recent stock market listings by his company have exponentially increased his wealth and propelled him into an exclusive club of billionaires under 40.
| Bhavish Aggarwal's Net Worth | $2 BILLION |
| Born | 28 August 1985 |
| Age | 38 years |
| Spouse | Rajalakshmi Aggarwal |
| Organizations founded | Ola Cabs, Ola Electric |
| Parents | Naresh Kumar Aggarwal, Usha Aggarwal |
Ola Electric’s IPO
Ola Electric founder Bhavish Aggarwal is an impressive self-made millionaire who built his fortune from scratch. Beginning as a software engineer with Microsoft after graduating from one of India’s premier technology-oriented schools – Indian Institute of Technology Bombay from 2004 to 2008 – Aggarwal went on to build Ola Electric as the founder.
After working for Microsoft for five years, Ola Cabs founder Ravi Vaswani launched ANI Technologies Pvt. as its parent company in 2010. Soon after that, this taxi-hailing service quickly expanded into online payments and food delivery – becoming one of the world’s largest tech startups.
Ola Electric has seen success with its e-vehicle business, where its massive market share makes it one of India’s premier scooter-makers. Ola went public last Friday, adding $1.5 billion to Aggarwal’s net worth.
Indian investors responded enthusiastically to an initial public offering (IPO) of electric vehicles in India last week, creating an overwhelming response. Bids totaling more than one trillion rupees ($2.2 billion) were received at this IPO, which was oversubscribed 4.27 times – retail investors subscribed their quota more than three and half times; institutional investors, on the other hand, exceeded their five and three-quarter times!
Ola Electric made history when it became the first Indian electric vehicle company to go public in 2024 with its initial public offering (IPO). Since its debut, its stock has steadily appreciated thanks to improved sentiment in the market and increased interest in electric scooters.
Aggarwal’s Leadership in the Electric Vehicle Industry
Aggarwal has established himself as an EV visionary and founder of India’s most popular cab-hailing app, Uber. His company has already made significant strides toward decreasing fossil fuel dependence while simultaneously working towards commercializing its electric vehicles by 2024.
Aggarwal graduated from one of India’s premier tech-focused universities, the Indian Institute of Technology Bombay. Following his time there, he started his career at Microsoft Research India before founding Ola Cabs in 2010. Ola Cabs started as a ride-hailing service before rapidly diversifying to online payments and food delivery services. Later that same year, he created Krutrim — India’s first $1 billion AI startup — while also investing in other firms like news site YourStory and Chaayos tea chain.
Aggarwal remains humble despite his success in the EV industry. He often takes to social media platforms such as LinkedIn to provide advice and assistance for other entrepreneurs and companies; in one post alone, he advised EV manufacturers to save their advertising budget by investing in supply chains instead.
Bloomberg’s Billionaires Index lists him as one of only seven individuals worldwide to become a billionaire before reaching 40. After raising over $1.5 billion through an initial public offering (IPO) for his electric vehicle company, his net worth now surpasses $2.7 billion.
Aggarwal’s Financial Success
Aggarwal created Ola Cabs after leaving Microsoft with the intent of offering ride-sharing services in India. Over time, it became India’s most popular taxi-hailing app and has since expanded into online payments and food delivery – becoming one of the youngest self-made billionaires ever. Its success propelled Aggarwal to become one of the youngest self-made billionaires ever seen on Earth.
HCL Technologies CFO Anil Aggarwal has used his financial stewardship to navigate HCL into new frontiers while upholding HCL’s commitment to environmental sustainability and social welfare. Furthermore, his focus on global market dynamics has allowed the company to thrive during an era of rapid technological change.
Aggarwal has achieved incredible business success while remaining an esteemed figure in the investment community. He is known for his aggressive, bullish techniques that allow investors to thrive even during volatile markets, using research and long-term planning methods that yield significant profits. Furthermore, his diversification strategies help reduce risks while optimizing probable returns.
Aggarwal has developed extensive expertise across various industries throughout his career. A skilled negotiator, he has demonstrated his ability to negotiate complex deals successfully. Additionally, Aggarwal has demonstrated his track record in consumer and retail sectors as a value creator; his knowledge of these industries helps him identify opportunities that can enhance the performance of investments while having a deep knowledge of the Indian economy.
Bhavish Aggarwal’s Net Worth
Aggarwal founded Ola Cabs after leaving Microsoft and joining with college friends to start Ola Cabs as a ride-hailing company with 450,000 vehicles across 102 Indian cities – receiving funding from Japan’s SoftBank and China’s Didi Chuxing as investors.
Aggarwal made history on Friday when his e-car maker’s stock surged by 20% on its initial public offering, propelling him to become Asia’s youngest self-made billionaire under 40 and within striking distance of Elon Musk, 53, who holds an estimated $200 billion fortune.
After Ola Electric was listed, Aggarwal saw his net worth surge by Rs 2,010 crore – the greatest immediate financial gain among India’s prominent startups and the most successful IPO ever completed by one of his peers. Ola Electric’s price surge made its initial public offering one of India’s most successful in recent history.
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