People say you need to be a hard worker as well as a smart worker. This person has both and also the third most important component, which is luck!
Yes, we are talking about none other than Bhavish Aggarwal founder of Ola Cabs, who is the co-founder of the famous company OLA Cabs.
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Bhavish Aggarwal Biography
| Real Name | Bhavish Aggarwal |
| Nick Name | Bhavish |
| Date of Birth | 28 August 1985 |
| Age | About 38 Years as of 2024 |
| Birthplace | Ludhiana, Punjab |
| Caste | Bania/Baniya |
| Height | 6’2″ ft (approx.) |
| Weight | 61 kg (approx.) |
| Eye Colour | Black |
| Hair Colour | Black |
| Educational Qualification | Bachelor’s degree in computer science and engineering at Indian Institute of Technology Bombay in 2008 |
| Wife Name | Rajalakshmi Aggarwal |
| Father’s Name | Naresh Kumar Aggarwal |
| Mother’s Name | Usha Aggarwal |
| Brother Name | Ankush Aggarwal |
| Children | Not Yet |
| Marriage Date | Early 2014 |
| Brother’s name | Ankush Aggarwal |
| Email id | bhavish@olacabs.com |
| Current Residence | Mumbai, Maharastra |
| Occupation | Owner of OLA |
| Contact Number | 91 8067350900 |
| Monthly Income 2024 | 15Cr. |
| Bhavish Aggarwal’s Net Worth 2024 | $500 Million | $0.5 Billion (More than 3900 crores in Indian Rupees) |
| Ola Net Worth 2024 | $6.5 billion OR Rs. 48,750.00 as of 2024 |
“The only thing that really matters is the quality of the team,” – Bhavish Agarwal (Co-founder and CEO of OLA Cabs)
Interesting Facts About Bhavish Aggarwal
- Born in Punjab in 1985, Bhavish Aggarwal founder of Ola Cabs graduated from IIT Bombay.
- His first company to do a job with was Microsoft as an Assistant Researcher.
- He worked there for about two years, from 2008 to 2010.
- During this period, he published a few journals and patents.
- But his college days gave him all the exposure to entrepreneurship, i.e. the business world.
- He was always fascinated by the talks and the events of entrepreneurs.
- Besides working for Microsoft, there was always that hunger in him that he had to do something on his own.
- So, eventually, he took that risk and started his start-up.
- He named it first as Olatrip.com. Ola trip was all about selling weekend trips online. But that never went anywhere!
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Business Mistakes of Bhavish Aggarwal
While doing Ola trips.com, they realized a further need for cab aggregation for hourly rentals or outstation travel.
And that’s how they changed from selling trips to building a website where a person can easily book cabs for going outstation, i.e. from anywhere like Mumbai to Pune or Goa, from Delhi to Agra. Consequently, they started learning more about transportation.
They started noticing about how big an opportunity for urban transportation is to build mobility. When he told his family about his decision, they weren’t too sure about his dream and stopped talking to him for about 6 months.
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One of the huge mistakes he made was he didn’t know the market spending they did lately. And they used to get confused with brand marketing with customer acquisition. He says the toughest round he faced in capital raising was the angel round.
Bhavish Aggarwal founder of ola cabs had only 2 lac rupees to start the business. And nobody wanted to give their money to a young software engineer who is yet to run a taxi business.
But still, he raised around 34 lacs! He says it’s all about the right team, raising the right amount of capital at the right time, scaling at a fast pace, putting the systems in the right place, etc.
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Most of the companies that are in the high transaction business tend to show a delay in placing their systems and processes and institutionalizing them.
Because you have no time, you are busy hiring someone or raising funds. So make sure you have the right team that upgrades their skills regularly. His major rival UBER, when succeeded, they were tiny. They only had 2000 rides a day.
UBER could have easily crushed Ola within just 15 days, but they couldn’t execute well.
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How Bhavish Aggarwal Established His Mark
Despite having such a big competitor survived, as they understood the target audience well. “We understood India on its ground level,” he says.
He didn’t start by keeping in mind the competition forefront rather he cared for his driver-partners and their families too.
Bhavish Aggarwal founder of Ola Cabs lists the growth opportunities he has given to his drivers. Opportunities like driver’s children’s insurance, school fees, and respect for all of a million drivers’ families are what he ensures and takes care of.
He has taken very local models to use so that it touches the roots of India. And that is his USP.
Ola today turned into one of India’s most valuable and also one of the most respected economic organizations which provides its facilities in over 110+ cities and still expanding.
Also, this company offers 14 types of services to its consumers in diverse categories that include business-class vehicles, shared transport, personal mini rentals, auto-rickshaw rentals, etc.
They work with over 10,00,000 driver-partners today and the number is growing day by day.
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Awards & Achievements of Bhavish Aggarwal
1. Entrepreneur of the Year – Economic Times
2. Unicorn of the Year – NDTV
3. 30under30 – Forbes India
4. Young Turk’s evangelist – CNBC-TV18
5. Startup of the Year – Economic Times (2016)
6. Leadership Award for Outstanding Startup – Forbes India
7. Global Growth Companies – World Economic Forum
He still doesn’t own a personal car, but rather rides through OLA Cabs.
Future Plans of Bhavish Aggarwal
His plans are the same as India’s plans which are the mode of electrifying all the vehicles. He wants to reduce the country’s pollution which would reduce global warming and result in lesser climate change.
He thinks it is the sole responsibility of the urban transport industries to contribute to the ongoing electrifying process, and he is quite sure of achieving the results faster.
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Bhavesh Aggarwal on his Struggling days
It is often seen that parents want their kids to stick to the norm, get their education, and start with a conventional job but children who dare to dream big not only for their sole profit but for a better future for the people around gain the courage to choose a curvy path.
We always say don’t let your questions, or curiosity die inside, instead, try to find answers, try to solve problems and you will achieve success magically.
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Bhavesh Aggarwal Quotes
- “Entrepreneurs are not driven by fear; they are driven by the idea to create impact.”~ Bhavish Aggarwal
- “Focus on solving real problems and not on making money. There will be enough takers for your solutions. You will help make the lives of some people better, and money will follow.” ~ Bhavish Aggarwal
- “All things can be done by every company in the world. Apple builds a phone, and so does Samsung. It’s not about being different but about being better at what you do.”~ Bhavish Aggarwal
- “We will always work on technologies that are required in our market, which is India.”~ Bhavish Aggarwal
- “As an entrepreneur, I am focused on my business.” ~ Bhavish Aggarwal
- “In 10 years of being together – 6 while dating and 4 in marriage – my wife has never once complained about my physical or mental absence in our relationship.”~ Bhavish Aggarwal
- “China rightly identified consumer Internet as important and moved to protect it, and we need to do the same in India.” ~ Bhavish Aggarwal
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Bhavish Aggarwal: FAQ
How Bhavish Aggarwal created Ola
1. They despite having such a big competitor survived, as they understood the target audience well. “We understood India on its ground level,” he says.
2. Bhavish Aggarwal didn’t start by keeping in mind the competition forefront rather he cared for his driver-partners and their families, too.
3. Bhavish Aggarwal lists the growth opportunities he has given to his drivers. Opportunities like driver’s children’s insurance, school fees, and respect for all of a million drivers’ families are what he ensures and takes care of.
4. He has taken very local models to use so that it touches the roots of India. And that is his USP.
How did Ola beat Uber in India?
1. They despite having such a big competitor survived, as they understood the target audience well. “We understood India on its ground level,” he says.
2. Bhavish Aggarwal didn’t start by keeping in mind the competition forefront rather he cared for his driver-partners and their families, too.
3. Bhavish Aggarwal lists the growth opportunities he has given to his drivers. Opportunities like driver’s children’s insurance, school fees, and respect for all of a million driver’s families are what he ensures and takes care of.
4. He has taken very local models to use so that it touches the roots of India. And that is his USP.
How long did Bhavish Aggarwal struggle
1. Born in Punjab in 1985, Bhavish Aggarwal did his graduation from IIT Bombay.
2. His first company to do a job with was Microsoft as an Assistant Researcher.
3. He worked there for about two years, from 2008 to 2010.
4. During this period, he published a few journals and patents.
5. His college days gave him all the exposure to entrepreneurship, i.e. the business world.
6. Bhavish Aggarwal had only 2 lac rupees to start the business. And nobody wanted to give their money to a young software engineer who is yet to run a taxi business.
7. Despite that, he raised around 34 lacs! He says it’s all about the right team, raising the right amount of capital at the right time, scaling at a fast pace, putting the systems in the right place, etc.
What was the age of Bhavish Aggarwal when ola founded
25 years
Bhavish Aggarwal was 25 years old when he founded Ola.
What is the net worth of Bhavish Aggarwal
3900 crores
As of the year, 2024 Bhavish Aggarwal has a net worth of over $500 Million | $0.5 Billion (More than 3900 crores in Indian Rupees).
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