Ownership of Ola: Know the Founders and Their Net Worth

Ola has become a household name in India and is now one of the world’s leading ride-hailing platforms. Since its beginning, it has completely changed the way people move around cities. With a vision to make travel easier for billions, Ola today operates in over 250 cities across India, Australia, New Zealand, and the UK. What makes Ola unique is its wide range of services—whether you need a bike taxi, an auto-rickshaw, a regular cab, or even an electric vehicle, Ola has an option for everyone. Over time, it has also expanded into new areas through its consumer-focused services under the brand Ola Consumer.

Founders of Ola

The story of Ola began in December 2010 with two young IIT graduates—Bhavish Aggarwal and Ankit Bhati. Like many great ideas, Ola was born out of a personal experience. Bhavish once had a disappointing taxi ride that made him realize how broken urban transportation was. Determined to fix it, he teamed up with Ankit, and together they launched Ola (then called Ola Cabs). Bhavish, who had earlier worked as a researcher at Microsoft filing patents and writing academic papers, decided to take the leap into entrepreneurship. Their mission was simple yet powerful—make travel reliable, quick, and accessible for everyone.

Ownership Structure of Ola

Today, Bhavish Aggarwal continues to lead Ola as its CEO and remains the driving force behind the company. Over the years, Ola has grown beyond just the founders, with big institutional investors and stakeholders becoming part of its journey. One of its most exciting ventures is Ola Electric, the company’s electric mobility arm. Ola Electric not only carries the “Ola” brand but also plays a key role in shaping India’s EV future. As of 2025, the promoters, led by Bhavish, hold around 36.78% in Ola Electric, showing how strongly the founders are still involved in the business.

Ola’s Business and Expansion

What started as a simple cab-booking service has now turned into a much larger mobility ecosystem. Ola has spread its wings into many areas—like Ola Electric for EVs, Ola Fleet Technologies for managing vehicles, Ola Skilling for creating jobs, and Ola Financial Services, which provides micro-insurance and credit-led payments. It even runs a food business with cloud kitchens. True to its spirit of innovation, Ola launched its own AI-powered cloud platform Krutrim and mapping tool Ola Maps in 2024. This constant focus on innovation shows how Ola is shaping not just travel, but also technology for the future.

Net Worth of Ola Founders and Company Valuation

At the heart of Ola’s story is Bhavish Aggarwal, a visionary entrepreneur whose personal wealth reflects the scale of what he has built. As of 2025, his net worth is estimated at over $1.4 billion (around ₹11,700 crore)—with some reports placing it closer to $1.9 billion. A large part of this comes from his ownership in Ola and Ola Electric. Ola Electric itself has become a giant, valued at nearly ₹20,951 crore by mid-2025, thanks to strong investor backing and its massive “Future Factory” in Tamil Nadu. While the company is still reporting losses due to heavy investments, its revenue growth tells a positive story. For instance, in the June 2025 quarter alone, Ola Electric posted ₹828 crore in revenue, with annual revenues for 2025 reaching approximately ₹4,514 crore. The numbers show a company that is still scaling rapidly, but also steadily narrowing its losses.

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Summary

• Founders: Bhavish Aggarwal (CEO) and Ankit Bhati
• Founded: December 2010
• Ownership: Founders hold significant stakes; Ola Electric promoter shareholding ~37%
• Net Worth: Bhavish Aggarwal’s estimated net worth > $1.4 billion (~₹11,700 crore)
• Company Reach: 250+ cities in multiple countries
• Business Expansion: Mobility services, electric vehicles, fleet tech, financial services, food business
• Recent Developments: Ola Cabs rebranded as Ola Consumer in 2024; Ola Electric expanding production and market share

Ola’s story is one of ambitious innovation and persistent growth, spearheading India’s ride-sharing and electric mobility revolution through the vision of its founders and strategic investments in technology and sustainability.