Welcome to SiasatPro! Where you can easily explore the Indian Businessman Bhavish Aggarwal Biography, career, age, net worth, and other information. Bhavish Aggarwal also plans to grow his business by releasing a bicycle by the end of 2023 and a battery-powered automobile in 2024. The company will ship scoters to Southeast Asia, Latin America, and Europe.
Who is Bhavish Aggarwal
Bhavish Aggarwal is CEO and co-founder of Ola (formerly Olacabs), India’s preferred mobile application for personal transportation. Aggarwal founded the company in 2011 with Ankit Bhati, a fellow IIT Bombay alumni. Their aim is to change the way people travel in and around cities, revolutionizing the personal transportation industry. Ola is the first service to offer apps in India that not only book a cab, but also help customers track their cab on their mobile phone until it reaches them. Ola has also developed a driver’s app that acts as an in-car navigation and communication device, doubling as a fare meter during the trip. Olacabs was recognized as the best startup of the year at the 2013 India Digital Awards by the Internet and Mobile Association of India. Before starting Ola, Aggarwal worked with Microsoft Research for two years, where he filed two patents and published three papers in international journals. He holds a bachelor’s degree in computer science from IIT Bombay.
In 2017, he recieved the Entreprenurur of the year award at the Economic Times Awards. He was named one of Time Magazine’s 100 Most Influential People of 2018.
Personal Information
| Bhavish Aggarwal | Details |
|---|---|
| Bhavish Aggarwal’s Profession | Indian entrepreneur |
| Bhavish Aggarwal’s Date Of Birth | 28 August 1985 |
| Bhavish Aggarwal’s Age | 38 |
| Bhavish Aggarwal’s Birth Place | Ludhiana, Punjab |
| Bhavish Aggarwal’s Religion | Hinduism |
| Bhavish Aggarwal’s Nationality | Indian |
| Bhavish Aggarwal’s Height in Feet | 5’6” |
| Bhavish Aggarwal’s Zodiac Sign | Virgo |
| Bhavish Aggarwal’s Hobbies | Reading, Playing Musical Instruments |
| Bhavish Aggarwal’s Achievements | co-founder and CEO of Ola Cabs, founder of Ola Electric and founder of OlaKrutrim, |
Early Life, Family, and Education
Bhavish received his B.Tech from IIT Bombay after being born in Ludhiana, Punjab. In 2007, he started working for Microsoft as a research intern, and in 2008, the company hired him as an assistant researcher. Bhavish co-founded Ola Cabs in 2010 and has been the company’s CEO after wanting to launch something of his own after more than two years of employment.
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Bhavish Aggarwal’s Career
Tiger Global Management and SoftBank Group Corp. are two of the company’s main investors. As a recent entry into the EV market, Ola Electrics currently holds 38% of the market. Since December 2021, more than 239,000 electric scooters have been sold, according to figures from the Society of Manufacturers of Electric Vehicles, as reported by Mint.
Bhavish Aggarwal also plans to grow his business by releasing a bicycle by the end of 2023 and a battery-powered automobile in 2024. The company will ship scoters to Southeast Asia, Latin America, and Europe.
According to India Times report, Ola interacts with taxi drivers and owners rather than owning and leasing its own vehicles, giving the procedure a modern touch. Users can quickly book taxis using the Ola app. The Ola ride-hailing app has a market share of about 60% in India (as of 2014).
Ola Cabs has been growing and Bhavish’s contribution cannot be overlooked. The launch of Ola Electric bikes will set a milestone for the company. In a Bloomberg interview, the CEO said, “Now I can feel that it will be much earlier. Ola Electric has grown and matured faster than I had initially planned because the market response has been very strong,”
Bhavish Aggarwal’s Life Story
The Evolution of Ola Cabs: From Humble Beginnings to Industry Innovations
Ola Cabs, one of India’s leading ride-hailing services, was born out of a frustrating taxi experience by Bhavish Aggarwal. This pivotal moment inspired him and Ankit Bhati to co-found the company in 2010. Since then, Ola has grown into a household name, revolutionizing the way people commute across cities in India and beyond.
The Birth of Ola Cabs
The idea for Ola Cabs came to Bhavish Aggarwal during a challenging taxi ride. Frustrated by the lack of reliable and convenient transportation options, he saw an opportunity to create a better alternative. Alongside Ankit Bhati, Aggarwal founded Ola Cabs, aiming to provide a seamless and efficient ride-hailing service. The company’s initial operations were modest, but it quickly gained traction due to its user-friendly app and commitment to quality service.
Challenges During the COVID-19 Pandemic
In May 2020, the global COVID-19 pandemic brought unprecedented challenges to Ola Cabs. With nationwide lockdowns and reduced travel, the company faced a staggering 95% loss in revenue. To navigate this crisis, Ola announced a significant layoff of around 5,000 employees. Despite these tough measures, co-founder Bhavish Aggarwal remained optimistic about the future. During a webinar at Bennet University, he emphasized that the pandemic would accelerate technological innovations. Aggarwal predicted a shift towards more car rentals and subscription-based car ownership models, reflecting changing consumer preferences.
In April 2022, Bhavish Aggarwal made a strategic decision to step down from day-to-day operations at Ola Cabs. An internal email to employees outlined his plan to concentrate on Ola’s future ventures, particularly in electric vehicles (EVs) and quick-commerce. This move marked a new chapter for the company, highlighting its commitment to sustainability and technological advancement. Ola’s foray into the EV market aims to contribute to a greener future while continuing to innovate in the transportation sector.
Bhavish Aggarwal’s Family
Bhavish Aggarwal – Awards
- Bhavish Aggarwal along with his company OLA received South Asia’s mBillionth award in 2013
- In the same year, he and his company won Best Startup of The Year, which was presented by IAMAI
- In 2017, he was bestowed with the ET Awards: Best and the Brightest by The Economic Times
Bhavish Aggarwal – Controversy
OLA Cabs has most of its time been into controversy, sometimes due to the protests by Auto Walas or due to strikes by its drivers over less percentage of share.
However, in 2022 it was reported that Aggarwal presented ruthless behavior that had upset the employees as well as board members. In this report, several OLA employees stated that inside OLA Electric, the culture has turned hostile.
Bhavish Aggarwal’s Company List
Ola founder and CEO Bhavish Aggarwal had earlier called for India to become a global hub for AI-related jobs leveraging its vast pool of IT professionals. Ola founder and CEO Bhavish Aggarwal.
Bhavish Aggarwal – OLA Cabs
Every ease today we feel is possible because of a horrible event that pushed Aggarwal to establish OLA.
While traveling from Bangalore to Bandipur in a car, the driver stopped and started negotiating the previously fixed deal and travel fare with Aggarwal. Worried and annoyed, the founder of OLA Electric was stranded in the middle of nowhere. And that is how he came up with the inspiration behind the magnificent works of OLA.
Following the event, in 2010, Bhavish established Olatrip.com. This was known as a trip-planning company at first. A year later, looking at the growing demand for cab services Aggarwal and Ankit Bhati launched Olacabs. This time it was a taxi aggregation platform.
In the initial years, the cab booking firm had its users booking cabs via phone calls. Soon, in June 2012, Olacabs launched a mobile app. And by 2015, OLA had the biggest market share.
Today OLA has its range of Electric Vehicles, which was again founded by Bhavish Aggarwal, a man with big dreams.
Bhavish Aggarwal – Investments
With being an angel investor in his brother’s firm Avail Finance, Bhavish has even invested in several other firms over the years.
| COMPANY | DATE | INDUSTRY |
|---|---|---|
| O’ Be | 1 May 2022 | Beverages |
| Karkinos | 12 Feb 2022 | Clinics/Outpatient Services |
| O’ Be | 23 August 2021 | Beverages |
| Avail Finance | 28 June 2019 | Other Commercial Banks |
| Avail Finance | 14 March 2018 | Other Commercial Banks |
| Avail Finance | 1 Feb 2017 | Other Commercial Banks |
| OfBusiness | 13 December 2016 | Media and Information Services (B2B) |
| SuperSuit | 8 June 2016 | Electronics (B2C) |
| Tork Motors | 18 April 2016 | Automotive |
| Hashlearn | 23 March 2016 | Educational Software |
Bhavish Aggarwal‘s House
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Bhavish Aggarwal‘s Car Collection
| Car List | Price |
|---|---|
| Bentley Bentayga | ₹3.85 crores |
| Mercedes-AMG G63 | ₹2.14 crore |
| Rolls Royce Cullinan | ₹6.95 crores |
| BMW i8 | ₹2.62 crores |
| Tesla Model S 100D | ₹1.5 crores |
| Mercedes Benz S Guard 600 | ₹10 crores |
| Ferrari 812 Superfast | ₹5.50 crore |
Bhavish Aggarwal Book
Bhavish Aggarwal launched a book named “Let’s Build a company” in 2020 on the fifth and final day of TechSparks 2020. want to know more about this book.
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Bhavish Aggarwal‘s Social Media Accounts
| Accounts | Links |
|---|---|
| Click Here | |
| Click Here | |
| Click Here |
Ambani’s News: This company of Mukesh Ambani made sales worth Rs 400 Crore…
Bhavish Aggarwal‘s Net Worth
Bhavish Aggarwal Net Worth is estimated to be $500 Million (Approx. 4137cr) as of 2024. Read more:
Bottom Line
Here I tried to cover everything about Bhavish Aggarwal like his Biography, net worth 2024, education, age, career, wife, house, email id, contact details, family, social media, AIR-rank, OLA electric scooter price, I hope you liked his biography. If you liked this post then share it with your loved ones. And if something has been left to include in this biography then let me know I will update this post and will try to that info to this biography.
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Frequently Ask Question
Who is Bhavish Aggarwal?
Bhavish Aggarwal is the CEO and co-founder of OLA Cabs.
Does Bhavish Aggarwal own another firm?
Yes, Bhavish Aggarwal has also founded OLA Electric.
What is OLA about?
OLA is India’s largest mobility platform and one of the world’s largest ride-hailing companies, serving 250+ cities across India, Australia, New Zealand, and the UK.
What is the IIT rank of Bhavish Aggarwal?
AIR-23
Bhavish Aggarwal is associated with which venture?
OLA Cabs
Bhavish Aggarwal’s net worth in billion?
His net worth is more than Rs. 3500cr. which is more than 35 billion in Indian rupees.
What is the price OLA Electric Scooter?
OLA Electric Scooter booking price is Rs. 499 which is fully refundable, OLA said the people who will book it now will get priority in delivery. It expected price is Rs. 1 Lakh.
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