SoftBank-Backed Billionaire Doubles Fortune on E-Scooter IPO
- Indian startup Ola’s shares debuted in Mumbai on Friday
- Listing poised to lift outspoken 38-year-old founder’s wealth
A serial entrepreneur, Bhavish Aggarwal has started companies operating in a range of industries from online payments to artificial intelligence.
Photographer: Aparna Jayakumar/BloombergThis article is for subscribers only.
Just two years ago, Bhavish Aggarwal was facing one of his biggest tests. A video on social media showed an Ola Electric Mobility Ltd. vehicle bursting into flames in the Indian city of Pune, raising doubts about whether his bet on the world’s biggest e-scooter factory would ultimately pay off.
The outspoken founder, who’s drawn parallels to Elon Musk, bounced back. Now, the company’s public listing is set to cement his position as one of the world’s youngest billionaires.