As a result, Aggarwal has outperformed his rivals in terms of quick financial gains.
Following the company’s initial public offering on Friday, Bhavish Aggarwal, the founder of Ola Electric Mobility Ltd., saw a huge increase in net worth of Rs 2,010 crore, making it the most significant wealth creation amongst notable startups in India. As a result, Aggarwal has outperformed his rivals in terms of quick financial gains.
The creator of Nykaa, Falguni Nayar, received Rs 1,879 crore through her family’s trust when the beauty and wellness website went public and on the same day surpassed the psychological threshold of having a Rs 1 lakh crore market valuation.
Deepinder Goyal of Zomato Ltd. closely trailed, posting gains of Rs 1,847 crore on the day the meal delivery app made its market debut.
When Mamaearth’s parent company, Honasa Consumer Ltd., listed on the stock exchange on November 7, 2023, Ghazal and Varun Alagh made a profit of Rs 149 crore. This is explained by the fact that Honasa only sought Rs 1,701 crore in its initial public offering, which was comparatively tiny.
Not every founder, though, has seen success on listing day. One97 Communications Ltd. founder Vijay Shekhar Sharma lost a substantial amount of money—Rs 3,398 crore. At the time, the greatest and most anticipated initial public offering was that of the Paytm operator. However, it fell 28% on launch due to a difficult market reaction, leading to a significant
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