Bhavish Aggarwal is an Indian entrepreneur who is the co-founder and CEO of Ola Cabs, one of India’s largest transportation companies, and also the founder of Ola Electric and OlaKrutrim, India’s first AI unicorn.
bhavish aggarwal net worth
Bhavish Aggarwal is an Indian entrepreneur who co-founded and is CEO of Ola Cabs, one of India’s largest transportation companies. He is also the founder of Ola Electric and OlaKrutrim, a large language model (LLM) artificial intelligence (AI) company that became India’s first AI unicorn in 2024, with an estimated valuation of $1 billion.
In 2018, he was named in Times 100 Most Influential People. “He co-founded Ola, one of the world’s largest ride-sharing companies, scaled it to more than 100 Indian cities, empowered millions of driver-partners and commuters, and is a flag bearer for India’s consumer-tech ecosystem—all by the age of 32,” Time says.
This article will look into Bhavish Aggarwal net worth, education, career, and more.
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According to DNA India, Bhavish Aggarwal’s net worth is around $2.7 billion, equivalent to over 20,000 crores in Indian Rupees. Founded in 2011, Ola is valued at over $1.9 billion. As the co-founder and CEO, Bhavish Aggarwal directly holds 36.94% of the company.
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Born in Ludhiana, Punjab, India, Bhavish Aggarwal went to the Indian Institute of Technology Bombay (IIT Bombay), one of the top schools in India. He completed his Bachelor of Technology in Computer Science and Engineering in 2008.
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Bhavish Aggarwal started his professional career as a Research Intern at Microsoft Research India in 2007, where he worked for three months.
Following this, he served as an Assistant Researcher at Microsoft Research India from 2008 to 2010. After leaving Microsoft in 2010, Aggarwal and his IITian friend Amit Bhati decided to venture into entrepreneurship.
In September 2010, Bhavish Aggarwal and Amit Bhati founded Olacabs.com. Since then, Aggarwal has been serving as the company’s Chief Executive Officer (CEO).
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Ola Cabs is preparing for its upcoming IPO (Initial Public Offering). SEBI has approved a ₹7,250 crore IPO, with a fresh issue size of ₹5,500 crore. The funds will be used for cell manufacturing, debt repayment, R&D, organic growth initiatives, and general corporate purposes.
Also, Ola has severed ties with Google Maps as it cost them more than INR 100 Crore annually. The cab providing service will be moving to Ola Maps, an in-house mapping service developed by Ola, to enhance cost efficiency and self-reliance.
It offers features like street view, 3D maps, and drone mapping, leveraging OpenStreetMap as its base. This move aligns with Ola’s broader goal of building a comprehensive technology stack, reducing dependence on external providers, and saving ₹100 crore annually.
In August 2024, Bhavish Aggarwal’s fortune witnessed a staggering increase, skyrocketing to an estimated Rs 21,000 crore (approximately $2.48 billion) in just a week. With this rise, Aggarwal has become a part of the elite club of the world’s youngest self-made billionaires. This surge is closely linked to the impressive surge in Ola Electric’s stock value following its initial public offering (IPO).
The IPO of Ola Electric took place on August 2 and by August 9 the company’s stock had seen a rise of 107% jumping from Rs 76 to Rs 157.53. During this time the stock hit its circuit limit four times, effectively doubling investors’ returns. However, after reaching its peak, the stock experienced a slight decline of 12%.
Aggarwal, as the CEO, holds a more than 35% stake in Ola Electric Mobility amounting to 1,32,39,60,029 shares. The rapid increase in value has raised the worth of his stake to Rs 20,856 crore.
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What is the net worth of Bhavish Agrawal?
Bhavish Aggarwal’s net worth is around $1,4000 million, equivalent to over 11,000 crores in Indian Rupees. He is the co-founder and CEO of Ola Cabs, India’s largest transportation service provider and a billion-dollar company.
Is Bhavish Aggarwal a successful entrepreneur?
Yes, Bhavish Aggarwal is a successful entrepreneur. He is the co-founder and CEO of Ola Cabs, India’s widely used transport service provider, valued at over a billion dollars. He is also the founder of Ola Electric and OlaKrutrim, an LLM AI company that became India’s first AI unicorn in 2024, with an estimated valuation of $1 billion.
This post was last modified on August 22, 2024 8:16 am
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