Bhavish Aggarwal is an Indian entrepreneur who is co-founder and CEO of OLA Cabs . He jointly founded this amazing ridesharing company along with his friend Ankit Bhati in December 2010 . Ola boasts globally India , the UK , Australia and New Zealand. His company valued about $ 10 billion. He is an IIT Bombay graduate and worked at Microsoft Research India for two years.
|Birth||28 August , 1985|
|Age||36 years old|
|Place of Birth||Ludhiana , Punjab , India|
|Profession||Co-founder and CEO of OLA Cabs|
Bhavish Aggrawal is an IIT Bombay graduate in Computer Science and Technology.
|Father||Naresh Kumar Aggarwal|
While still studying at IIT Bombay, Bhavish Aggarwal served as a research intern at Microsoft Research India for three months in 2007. Following graduation, he joined Microsoft as Assistant Researcher in July 2008. He worked in that position for just over two years; during this period he had filed two patents and published three papers in international academic journals.
While his parents were doubtful about his choice to open a ‘travel agency’ with an IIT degree, they did not stop him from experimenting and now is successful CEO of a company worth about $ 10 billion .
He decided to establish a car rental company with the great customer experience and economical prices. He teamed up with Ankit Bhati, another IITian from Jodhpur, and set up the website Olatrips.com on December 3, 2010, as an online cab aggregator in Mumbai to book cars for outstation trips.
The idea for a cab company struck Aggarwal when he had a bad experience with a taxi, which led him and Ankit Bhati to co-found Ola Cabs in 2010. Ola Cabs has become the largest network of personal transportation options within India and has emerged as the most popular choice for many consumers in 22 Indian cities.
In May 2020, Ola Cabs announced a huge layoff of around 500 employees in a move to survive the economic repercussions of COVID-19. It had suffered an overwhelming loss of revenue by about 95%.
In a webinar addressed to the students of Bennet University, Bhavish said that the COVID-19 pandemic was about to accelerate the innovations in technologies. He claimed that the markets might move towards more car rentals and subscription-based ownerships of cars. This was a trajectory point for our lives as we become more aware of hygiene and disease awareness.
ET Awards, Richest of the year, 2017