As per the IIFL Wealth Hurun India Rich List 2022, Bhavish Aggarwal’s net worth is nearly ₹11,700 crores.
Bhavish agarwal networth-$1.44 billion
Bhavish agarwal networth in rupees- Rs 12,104 crore
Bhavish agarwal networth in dollar-$1.44 billion
Bhavish agarwal networth 2024-$1.44 billion
Ola Cabs’ Net Worth:
Bhavish Aggarwal owns a nearly 6.7% stake in Ola Cabs. Ola has completely changed the taxi industry in India. Ola, a ride- service similar to Uber, is now valued at more than $4.8 billion.
In 2017, Bhavish launched a second company called Ola Electric, which makes electric scooters and bikes. It has also grown very quickly.
Ola Electric raised Rs 3,200 crore in new funding from investors like Temasek and the State Bank of India in October 2023 to grow its electric vehicle company business.
Bhavish is one of only a few Indian entrepreneurs to start two unicorn companies that are worth more than $1 billion.
About bhavish agarwal-
Bhavish Aggarwal was born on August 28, 1985, in Ludhiana, Punjab to Naresh Kumar Aggarwal and Usha Aggarwal. His parents were doctors by profession.
He graduated from the prestigious IIT Bombay with a B.Tech. in Computer Science.
After graduating from IIT in 2008, Bhavish began his career as an intern at Microsoft.Bhavish worked at Microsoft India between 2007 and 2010, first as an intern and then as an assistant researcher.
During his stint at Microsoft, Bhavish filed two patents and published three papers in international journals—remarkable achievements for someone starting out his career and then he started his own first company, Ola Cabs.
How ola Cabs started-
Ola Cabs were founded in 2010 when Bhavish Aggarwal had a harrowing experience with a cab driver while traveling from Bangalore to Bandipur.
The cab driver demanded extra money after the trip had started and abandoned Bhavish midway when he refused to pay.
This incident gave him the idea for cab service startup and inspired him to provide a technology-based solution.
Since then, Ola Cabs has become billion dollar company under Bhavish’s leadership to become India’s largest ride-hailing service, revolutionizing cab transportation in the india.
Ola Cabs Net Worth and Valuation-
ANI Technologies, the parent company of Ola has raised funding over $4.3 billion.Ola is valued at around $4.8B as of May 10, 2023.Japanese investor Softbank is the biggest shareholder, with a stake estimated at above 30%. Nexus Ventures, Tiger Global, and Matrix Partners are other key investors in Ola.
Bhavish Aggarwal Age and wife-
- Bhavish Aggarwal was born on 28 August 1985. He is currently 37 years old (as of 2024).
- He married his college girlfriend, Rajalakshmi Aggarwal in 2014. She is currently the Chief Marketing Officer at Ola Electric.
- Bhavish dated Rajalakshmi during his IIT Bombay days for 6 years before getting married. During the early days of Ola, she even financially supported Bhavish when he was struggling to get the startup off the ground.
- Bhavish is very passionate about technology and has a hands-on approach, even today. He used to write code during Ola’s initial years.
Yes, with a net worth of ₹11,700 crores, Bhavish Aggarwal is officially a billionaire.
Bhavish Aggarwal’s father is Naresh Kumar Aggarwal, who was a doctor by profession in Ludhiana where Bhavish grew up.
Bhavish Aggarwal is the founder of Ola Electric. It is owned majorly by ANI Technologies, the parent company of Ola Cabs.
SoftBank is the largest institutional investor in Ola.