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News on Medial
One of world’s youngest billionaires to double fortune on Ola IPO
Economic Times
·
11m ago
Medial
Bhavish Aggarwal, the founder of Ola Electric Mobility, is set to become one of the world's youngest billionaires as his company prepares for its public listing. Aggarwal, often compared to Elon Musk, could add $1.2 billion to his net worth if the listing occurs at the lower end of the price range. Ola Electric, which aims to be a leading EV company, has not yet turned a profit but is capitalizing on the increasing interest in alternative fuels in India's market. Despite facing setbacks, Aggarwal remains confident in his company's success and sees potential in India's green infrastructure.
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Jensen Huang, the CEO of Nvidia, is on the cusp of becoming one of the richest 20 people in the world
Business Insider
·
1y ago
Medial
Nvidia's CEO, Jensen Huang, is set to become one of the world's top 20 billionaires as the company's stock continues to soar. With Nvidia's stock price increasing fivefold since the start of 2022, Huang's net worth has reached nearly $70 billion. This surge in fortune is largely attributed to the boom in artificial intelligence. Huang's wealth rose by 22% in just one day after Nvidia's fourth-quarter results surpassed expectations. With his fortune growing by 57% in less than two months, Huang is now the 21st-richest person globally.
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Forbes 2025 List Features Youngest Self-Made Woman Billionaire, Anduril IPO Plans, and Venture Capital’s First Woman Billionaire | DeepNewz VC
deepnewz
·
1m ago
Medial
Forbes revealed its 2025 list featuring the youngest self-made woman billionaire and highlights Anduril's plans for an initial public offering (IPO). Anduril cofounder garnered significant attention due to a mega funding round, ultimately securing billionaire status. The company’s evolving financial strategies and the achievement of its cofounder illustrate the dynamic landscape of startups and billionaires in the tech and defense sectors. Forbes continues to spotlight transformative figures and companies influencing the business world.
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Lucy Guo, 30, Tops Forbes as Youngest Self-Made Billionaire With $1.3 Billion From Scale AI's $25 Billion Valuation
deepnewz
·
1m ago
Medial
Lucy Guo, a college dropout turned successful entrepreneur, has become the youngest self-made female billionaire, surpassing Taylor Swift. She achieved this milestone through significant earnings in the field of Artificial Intelligence, marking a notable shift in the rankings of young billionaires globally.
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Bhavish Aggarwal compares Ola's upcoming IPO with that of Maruti's 20 years ago
Economic Times
·
1y ago
Medial
Bhavish Aggarwal, CEO of Ola, likened the upcoming IPO of Ola Electric to Maruti Suzuki's transformative market debut. Aggarwal stated that Ola Electric has submitted the final observations for its IPO, with SEBI's approval granting it the ability to issue shares worth Rs 5,500 crore and a follow-on-offer (OFS) worth Rs 1,750 crore, totaling a Rs 7,250 crore IPO size. The IPO is currently undergoing regulatory processes, and Aggarwal expects final approval and completion by the end of the year. Ola Electric's IPO is anticipated to be one of the most significant in India's tech-driven economic landscape.
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Which Indians became billionaires after their companies' IPOs in 2024?
Inshorts
·
6m ago
Medial
Hitesh Doshi became a billionaire after Waaree Energies' IPO, increasing his wealth to $7.1 billion. Chiranjeev Saluja and Bhavish Aggarwal's wealth rose to $4.7 billion and $2.8 billion after Premier Energies and Ola Electric's IPOs respectively. Emcure Pharma's Satish Mehta, ACME Group's Manoj Upadhyay and Jyoti CNC Automation's Parakram Jadeja also became billionaires after their firms' IPOs.
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Hurun India Rich List 2024: Gautam Adani at #1, billionaire count crosses 300, cumulative wealth & more | Mint
Livemint
·
10m ago
Medial
Adani Group Chairman Gautam Adani has surpassed Reliance Industries Chairman Mukesh Ambani to top the Hurun India Rich List 2024 with a wealth of ₹11.6 lakh crore. India's total billionaire count has reached 334 individuals, and the cumulative wealth of these billionaires is ₹159 lakh crore. Bollywood superstar Shah Rukh Khan and angel investor Anand Chandrasekaran have made their debut on the list. The youngest billionaires are Zepto's co-founders Kaivalya Vohra (22) and Aadit Palicha (23), while Neha Bansal and Radha Vembu are recognized as prominent women entrepreneurs on the list. India has witnessed a significant surge in wealth creation in recent years, with 1,500 individuals now holding a net worth of ₹1,000 crore or more.
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Ola Electric files draft IPO papers, looks to raise Rs 5,500 crore via fresh share sale
Economic Times
·
1y ago
Medial
Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has filed draft papers with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The IPO aims to raise funds to support the expansion of Ola Electric's EV fleet and infrastructure. Ola Electric is one of the leading players in the Indian EV market and plans to launch a range of electric vehicles, including electric two-wheelers, three-wheelers, and four-wheelers.
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Ola Group Executive Amit Anchal buys luxury villa in Bengaluru. Details here | Mint
Livemint
·
11m ago
Medial
Amit Anchal, an executive of Ola Group, has purchased a luxury villa in Bengaluru for ₹13.5 crore. The property, located in Adarsh Palm Retreat Villas, features an 80,000-square-foot clubhouse with various amenities. Anchal, who is currently a strategic consultant for Ola, has previously held positions overseeing strategy and corporate finance for both Ola and Ola Electric. In other news, Ola Electric Mobility's IPO has opened for subscription with a price range of ₹72-76 per share. The IPO will be available for investors until August 5. Ola Electric is one of India's first fully electric vehicle companies to go public.
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This 19 year old has a net worth of Rs. 32000 Cr+
Livemint
·
1y ago
Medial
19-year-old Clemente Del Vecchio has made international headlines as the youngest billionaire on Forbes' list. Inheriting a 12.5% stake in his father's holding company, Delfin, Clemente is worth approximately $4 billion. He focuses on his studies and personal interests, expressing a passion for science and technology. Despite his substantial wealth, Clemente keeps a low profile and does not directly involve himself in his father's businesses. His family's fortune originates from the leadership of his late father, Leonardo Del Vecchio, who was the former chairman of EssilorLuxottica.
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Ola Electric has sent a strong response to MapMyIndia, says Bhavish Aggarwal
YourStory
·
11m ago
Medial
Ola Electric has responded to MapMyIndia's accusations of data misappropriation as "opportunistic." Ola CEO Bhavish Aggarwal stated that MapMyIndia's claims were strategically timed around Ola Electric's IPO. Aggarwal dismissed the allegations, as Ola Electric is not in the mapping business. Last month, CE Info Systems, MapMyIndia's parent company, accused Ola of illegally copying data from one of its clients. In other news, Ola Cabs has rebranded as Ola Consumer, launched a loyalty program called Ola Coin, and reintroduced ride-sharing services to enhance its position in the competitive ride-hailing market.
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