Bhavish Aggarwal Net Worth – The Success Story of Ola Cabs Founder

Bhavish Aggarwal is one of the most inspiring entrepreneurial success stories of this time in India.

Born in 1985 in Ludhiana, Punjab, Bhavish Aggarwal started his professional journey with an internship at Microsoft just after graduating from IIT Bombay.

Following two years of work at Microsoft, Bhavish found a huge gap in the urban transportation sector of India and co-founded Ola Cabs in 2011 with his colleague Ankit Bhati.

In the past ten years, Ola Cabs has transformed urban mobility in India and expanded its services to Australia, New Zealand, and the UK.

Now, what is Bhavish Aggarwal net worth today, and what’s his inspirational success story? Let’s find out.

Bhavish Aggarwal Net Worth – CEO and Co-founder of Ola Cabs

Bhavish Aggarwal Net Worth

As per the IIFL Wealth Hurun India Rich List 2022, Bhavish Aggarwal net worth is a jaw-dropping $11,700 crore.

This huge net worth alone makes Bhavish one of the wealthiest young entrepreneurs in India, further placing him in the category of one of the youngest self-made billionaires in the country.

The extraordinary increase in the wealth of Bhavish Aggarwal is based on the exponential growth and valuation of his startup Ola Cabs.

Ola Cabs’ Net Worth

Bhavish Aggarwal owns about 6.7% shares in Ola Cabs. 

His first company, Ola, totally revolutionized the taxi industry in India. 

Ola, a ride-hailing service like Uber, is now worth more than $4. 8 billion dollars.

In 2017, Bhavish started another company called Ola Electric which manufactures electric scooters and bikes. It has also grown very fast.

Ola Cabs Net Worth

Ola Electric raised Rs 3,200 crore from investors like Temasek and the State Bank of India in October 2023. This will help the electric vehicle company to expand its business.

Bhavish is one of the very few Indian entrepreneurs who have founded two companies that have a valuation of over $1 billion each.

By thinking out of the box and great execution, Bhavish has created two unicorn companies in India, which is a great feat.

Quick Note – Companies that are valued over a billion dollars are often referred to as “unicorns” in the business world.

Humble origins 

Bhavish Aggarwal was born to Naresh Kumar Aggarwal and Usha Aggarwal on August 28, 1985, in Ludhiana, Punjab. His parents were doctors by profession.

He spent his early years in Ludhiana and then went on to IIT Bombay for a B.Tech in Computer Science graduation.

Having graduated from IIT in 2008, Bhavish started his career as an intern at Microsoft.

A Stint at Microsoft

In 2007, he worked at Microsoft India as an intern, and then he worked as an Assistant Researcher.

At Microsoft, Bhavish filed two patents and published three papers in international journals – outstanding achievements for a young engineer starting his career.

But Bhavish had never stopped being an entrepreneur in his heart and had bigger dreams too. The job in the corporate company was not enough to fulfill his cravings.


The genesis of Ola cabs

Birth of Ola Cabs

The roots of Ola Cabs go back to 2010 when Bhavish Aggarwal had a horrible experience with a cab driver while he was going from Bangalore to Bandipur.

The taxi driver demanded additional payment when the trip had already begun and left Bhavish in the middle of the road when he refused to pay.

This incident disclosed the weaknesses in urban transport and forced Bhavish to come up with a technology-driven solution.

From then on, Ola Cabs has grown under Bhavish’s leadership to become India’s biggest ride-hailing service, transforming urban transportation in the country in a revolutionary manner.

Exponential Growth of Ola

Ola Growth Timeline

Though Ola Cabs launched in a difficult market where technology was not at an advanced level, its growth turned out to be a phenomenal one.

From one city in 2011, Ola Cabs has expanded its operations to more than 250 cities in just seven years. 

It is now the largest ride-hailing company in India, commanding a market share of over 50%.

Ola also expanded overseas, starting with Australia in 2018, followed by New Zealand and the UK. Ola is operational in over 250 cities globally as of 2023.

Not to forget, Ola diversified into electric vehicles, food delivery, micro-insurance, and so on, other than ride-hailing services. This made Ola go from a single-product to a multi-business platform.

Ola Cabs Net Worth and Valuation

Ola is estimated to be worth in the range of $4.8 billion as of May 10, 2023. 

ANI Technologies, the parent company of Ola, has managed to raise funding of $4.3 billion over 16 rounds.

The Japanese investor Softbank has the biggest shareholding which is reported to be above 30% in Ola. Nexus Ventures, Tiger Global, and Matrix Partners are among other big investors of Ola.

Even though the pandemic might have dealt a severe blow to ride-hailing, Ola has shown that it can survive, and it is well back on the growth path again.

The company targets increasing its portfolio of financial services and electric vehicles. Ola Electric has built the world’s largest EV two-wheeler factory in record time.


Leadership of Bhavish Aggarwal at Ola

Bhavish Transportation Solutions

Under the leadership of Bhavish Aggarwal, Ola Cabs pioneered the use of technology to solve actual-world transportation problems in India.

Some Key Contributions

  • Mobile app-based booking has totally disrupted the old way of calling for a cab and booking one.
  • Integrate smart algorithms and AI to ensure real-time pricing, surge during peak times, driver allocation, etc.
  • The first large-scale electric vehicles program in India was started in association with Ola Electric.
  • Even though global titans like Uber were a competition to Ola, Bhavish Agarwal not only managed to hold on to the market but also developed new mobility solutions such as auto-rickshaws, bikes, self-drive car sharing, and e-vehicles.

The visionary leadership and business acumen of Bhavish Aggarwal significantly contributed to Ola’s transformation from a startup to India’s most valued mobility company.


Bhavish Aggarwal Age and Personal Life

Bhavish Aggarwal and Rajalakshmi Aggarwal

Bhavish Aggarwal was born on 28 August 1985. He is now 37 years old (as of 2024).

He married his college sweetheart, Rajalakshmi Aggarwal in 2014. As of now, she is the Chief Marketing Officer at Ola Electric.

Bhavish was in a relationship with Rajalakshmi for 6 years during his IIT Bombay days. 

At the early stages of Ola, she even supported Bhavish financially when he was having difficulties in getting the startup up and running.

Bhavish is very passionate about technology and has a hands-on approach even today. He used to write code during the initial years of Ola.

He likes cycling, playing squash, and photography. He has a very popular photo blog that he uses to publish his photographic work.

In spite of his early success in life, Bhavish Aggarwal stays humble, spiritual, and determined to continue improving the technology that he has already created.

Key Takeaways

  • Bhavish Aggarwal, Ola owner net worth – ₹11,700 crores (as per IIFL Wealth Hurun India Rich List 2022)
  • Co-founded Ola Cabs in 2011, which became India’s largest ride-hailing company
  • Ola Cabs valuation stands at $7.3 billion as of 2021 and today it stands at $4.8 billion.
  • Bhavish owns a 6.7% share in Ola contributing majorly to his net worth
  • Visionary leadership while competing against global giant Uber
  • Among the youngest self-made billionaires in India

FAQs about Ola Founder Net Worth

Here are some of the most frequently asked questions regarding Ola and Ola Cabs CEO Bhavish Aggarwal.

Is Bhavish Aggarwal a billionaire?

Yes, he is now a billionaire with a net worth of ₹11,700 crores.

Who is the father of Bhavish Aggarwal?

The father of Bhavish Aggarwal is Naresh Kumar Aggarwal, who was a doctor by profession in Ludhiana.

Who owns Ola Electric?

Bhavish Aggarwal is the founder of Ola Electric who started the company. Primarily, it is owned by ANI Technologies Pvt. Ltd., the parent company of Ola Cabs.

Who is the largest investor in Ola?

SoftBank is the largest institutional investor in Ola.

How much funding has Ola secured so far?

Ola has raised a total funding amount of $3.84 billion with more than 25 rounds.

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The Final Words on Bhavish Aggarwal Net Worth

Bhavish Aggarwal’s story is an example for the young entrepreneurs in India. His ability to detect a vital gap in the market and create a technological solution is the one that has changed the way of urban transportation.

With Ola entering the ring to take on the electric vehicle market and other mobility solutions, Bhavish Aggarwal’s wealth and popularity will still rise at a rapid pace.


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Anil Agarwal

Anil Agarwal is the guy behind this blog who also owns BloggersPassion.com and HostingMonks.com. He has also been featured/mentioned on Forbes, ProBlogger, NeilPatel.com, Huffingtonpost.com, and SEMrush. MakeBlogging.com is your one-stop destination to start a money-making blog from scratch.

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