A look at how Ola created a second unicorn -- and its founder profited from it

www.moneycontrol.com

Ola Electric -- the EV arm of Uber rival Ola -- is valued at over $1 billion, despite founder Bhavish Agarwal valuing it at just $1.5 million when it set it up some six months prior. There's some crazy math gymnastics going on here.

The kicker: "Today, Aggarwal owns a 40 percent stake in Ola Electric worth $400 million. He owns 6.7 percent of Ola, which puts the value of his holding in the company at $382 million. So, for having built Ola from scratch for nine years, Aggarwal’s stake in the company is worth less than what he managed to obtain in just a few months through Ola Electric."

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