Bhavish Aggarwal’s Net Worth: No businessman’s journey is simple, particularly for those who embark on a new course. We’ll tell you about one such businessman today who went on to become a national hero for India by earning a top rank on the Hurun India 40 & Under Self-Made Rich List.
This businessman cleared the path for upcoming entrepreneurs in addition to altering the manner of life for countless Indians. We are speaking about none other than Bhavish Aggarwal, the CEO and founder of Ola.
Bhavish Aggarwal’s Net Worth in 2024
According to DNA India, Cofounder of Ola Cabs Bhavish Aggarwal’s wealth is estimated to be Rs 11,700 crore on a list jointly produced in 2022 by research and events company Hurun India and Mumbai-based wealth management company IIFL Wealth.
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Bhavish Aggarwal’s Professional Journey
Early Career
Bhavish Aggarwal completed his B.Tech from IIT Bombay in 2008. He started his career with Microsoft Research India as a research intern and later got reinstated as an assistant researcher. During this time, he filed two patents and published three papers in international journals.
Co-founding Ola Cabs
In January 2011, Aggarwal co-founded Ola Cabs with Ankit Bhati in Bengaluru. The idea for a cab company struck him when he had a bad experience with a taxi, which led him and Bhati to start Ola.
Growth of Ola Cabs
Under Aggarwal’s leadership, Ola Cabs grew to become one of the largest ride-hailing services in India, capturing around 60% market share. The company aims to provide quality and friendly services to each customer. Its revenue increased from Rs. 1847.53 crore to Rs. 2543.63 crore in the last year.
Ola Electric and OlaKrutrim
In addition to Ola Cabs, Aggarwal founded Ola Electric to foray into the electric vehicle market. He also founded OlaKrutrim, an AI company that became India’s first AI unicorn in 2024 with a valuation of $1 billion.
Investments and Acquisitions
Aggarwal has made 12 investments across various startups, with his latest being in Virgio in 2022. He has also made 1 acquisition so far – Bodhi Computing in January 2023.
Awards and Recognition
Aggarwal was included in Time magazine’s 100 Most Influential People of 2018. He was named the Richest of the Year at the ET Awards in 2017.
Bhavish Aggarwal Lifestyle and House
Lifestyle: Bhavish leads a very busy lifestyle, working long hours from 7 am to 1 am daily. He devotes different days to focus on various business functions like operations, marketing, HR, etc.
He is not very active on social media and prefers to leave that to the Ola brand. Bhavish is not a big movie buff, but he did recently watch and enjoy the film Barfi.
He has been married to Rajalakshmi since 2007 and they walked the red carpet together when he was named one of TIME’s 100 Most Influential People in 2018.
House: Bhavish started Ola Cabs from a 1 BHK office in Powai, Mumbai in the early days. His current living situation and house details are not publicly known, as he prefers to keep his personal life private.
In summary, Bhavish Aggarwal leads a very focused and driven lifestyle centered around building Ola and Ola Electric, working long hours with little personal time. He maintains a low profile when it comes to his personal life and home.
Bhavish Aggarwal Car Collection
Rolls Royce Phantom: Bhavish Aggarwal owns a Rolls Royce Phantom, which is an ultra-luxury sedan. The Rolls Royce Phantom is one of the most expensive cars in Aggarwal’s collection.
Ola Electric Car: Bhavish Aggarwal’s company Ola Electric is planning to launch its first electric car by the end of 2024. The upcoming Ola electric car is being positioned as the “sportiest car ever” and will compete with established brands in the Indian market.
Bhavish Aggarwal Additional Investments
OlaKrutrim: In 2024, Aggarwal founded OlaKrutrim, a large language model AI company, which became India’s first AI unicorn with an estimated valuation of $1 billion.
Other Investments: Bhavish Aggarwal has made a total of 12 investments across various startups. His latest investment was in Virgio as part of their Series A-III round in December 2022. Some of his other investments include O’ Be Cocktails (seed round in 2021) and Avail Finance (acquired in 2022). His investments span sectors like hardware, fintech, transportation, and logistics.
Acquisitions: Aggarwal has made 1 acquisition so far – Bodhi Computing in January 2023.
So in summary, while Ola Cabs and Ola Electric remain Bhavish Aggarwal’s primary focus, he has also made several other investments and founded India’s first AI unicorn, OlaKrutrim. His investment portfolio covers a range of sectors beyond ride-hailing and electric vehicles.
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