Bhavish Aggarwal's Net Worth and Career Highlights

Bhavish Aggarwal, who assisted in creating the Ola transportation app in India. He has an incredible journey as an entrepreneur, showing persistence, innovation, and a strong desire to succeed. He decided to stop his professional career after more than two years.

Bhavish Aggarwal and Ankit Bhati founded Ola, a firm that helps customers find rides worldwide. Bhavish often gets interviewed by the media, and his experiences tend to appear in the news, while most people are unfamiliar with Ankit. That is why we will discuss Bhavish's net worth, and personal and professional lives today. Let's get started.

Bhavish Aggarwal's Net Worth in 2024

In 2022, IIF Wealth and Hurun India reported that Bhavish Aggarwal, co-founder of Ola Cabs, was valued at $1 billion. As a result, he is considered one of India's wealthiest people.

Early Life

Aggarwal was raised in Ludhiana, Punjab, as part of a Hindu Punjabi family. He received his bachelor's degree from the Indian Institute of Technology Bombay in 2008, with a focus on computer science and engineering. After his internship, he was promoted to junior researcher at Microsoft Research India.

Career

He started his career with Microsoft and worked there for two years, during which time he published three articles examined by other specialists, applied for two patents, and was an employee. In January 2011, he and Ankit Bhati founded Ola Cabs in Bengaluru.

Tiger Global Management and SoftBank Group Corp. are the company's primary owners. Ola Electrics, a new company, now controls 38% of the electric vehicle industry. The Society of Manufacturers of Electric Vehicles reports that the company has sold over 239,000 electric bikes since December 2021.

Bhavish Aggarwal also plans to expand his firm by launching a motorcycle at the end of 2023 and a battery-powered automobile in 2024. The business intends to deploy scorers to Southeast Asia, Europe, and Latin America.

Ola Cabs

After a poor cab ride, Aggarwal came up with the idea for Ola Cabs, which he and Ankit Bhati founded in 2010.

To get through the economic storm that was COVID-19 in May 2020, Ola Cabs announced that it would lay off approximately 5,000 employees. The result was a shocking 95% drop in sales. In a webcast for Bennet University students, Bhavish stated that the COVID-19 outbreak will accelerate technological advancements. He predicted a trend towards renting and owning cars via subscriptions.

 In an email issued to Ola staff in April 2022, Bhavish Aggarwal stated that he would be leaving the business's regular activities to focus on the future of Ola's work with electric vehicles and quick commerce.

Bhavish Aggarwal worked at Microsoft before founding Ola.

After graduating from the Indian Institute of Technology (IIT), Bhavish Aggarwal began his firm while interning at Microsoft India. He then worked as an Assistant Researcher at Microsoft India from 2008 to 2010. During his tenure at the company, Bhavish made numerous significant contributions, filed two patents, and published three research papers in internationally known journals.

Personal Life

Bhavyash Aggarwal, an Indian businessman, was born on August 28, 1985. Among his many achievements, he founded and managed Ola Cabs, Ola Electric, and OlaKrutrim, an AI firm with a large language model that was valued at $1 billion and became India's first AI unicorn in 2024.

Bhavish Aggarwal's Marriage

After dating for six years, Bhavish and Rajalakshmi Aggarwal decided to marry in early 2014. Bhavish's firm, Ola Cabs, was also thriving at the time. Thus, it was a pivotal period for him personally. That year, Bhavish Aggarwal became India's youngest billionaire, having made his own money. At the time, he was worth a billion dollars.

Biography

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FAQs

Q. What is the net worth of Bhavish Agrawal?

Nowadays, people believe Bhavish Aggarwal is worth $1 billion.

Q. Who is the CEO of Ola Company?

He helped develop and is currently head of Ola Cabs, one of India's fastest-growing enterprises.

Q. Which country owns Ola?

Ola's main office is in Bangalore, Karnataka, India. Bhavish Aggarwal and Ankit Bhati started it in December 2010.