Today, I am going to tell you the success story of one of the most successful and influential entrepreneurs in India – Bhavish Aggarwal, the founder of OLA Cabs and OLA Electric. Bhavish has surpassed an incredible journey of Entrepreneurship that needed to be talked about. So let’s start this Bhavish Aggarwal Biography to learn and understand the struggle behind the success of OLA Cabs and OLA Electrics.
Table of Contents
- Following an incident while traveling from Bengaluru to Bandipur, he got the idea to create a cab booking platform in 2010 which led him to found Ola Cabs.
- In 2018, he established OLA Electric and resigned from Ola Cabs in 2022 in order to focus on OLA Electric.
- Bhavish Aggarwal Ola Electric has the world’s largest electric 2-wheeler manufacturing factory with the name Future Factory.
Bhavish Aggarwal Biography
Bhavish Aggarwal was born on 28 August 1985 in Afghanistan, his family moved to the United Kingdom, where he spent most of his childhood and then Bhavish Aggarwal shifted to Ludhiana, India when he was just 10 years old.
Bhavish is the co-founder and CEO of OLA Cabs which is India’s largest ride-sharing company. He has also founded an electric scooter manufacturing company OLA Electric. Bhavish is one of the most influential entrepreneurs from India who is known for disrupting the industry. As of 2023, Bhavish Aggarwal age is 38 years.
There is an interesting story behind the idea to build a ridesharing company that I have shared ahead. You must have read that OLA Cabs story being its daily user and you won’t deny how great this idea was.
|Full Name||Bhavish Aggarwal|
|Date of Birth||28 August 1985|
|Age||38 Years (As of 2023)|
|Father’s Name||Naresh Aggarwal (Orthopaedic Surgeon)|
|Mother’s Name||Usha Aggarwal (Pathologist)|
|Sibling’s Names||Sister – Arohi AggarwalBrother – Ankush Aggarwal|
|Qualification||Bachelor of Technology in Computer Science|
|College Name||Indian Institute of Technology, Bombay|
|Net Worth||Rs 11,700 Crore|
Bhavish Aggarwal Education
Bhavish was brought up in Ludhiana, India when he was 10. So he continued his schooling there and went to Kota, Rajasthan to prepare for the IIT. He prepared for the IIT entrance exam by living in Kota for around one year but could not clear the exam and came back to Ludhiana.
After that, he continued his preparation at home, and this time he cleared the IIT entrance exam and enrolled at the Indian Institute of Technology, Bombay in 2004 to pursue his Bachelor of Technology in Computer Science which he completed in 2008.
Bhavish Aggarwal Family
Bhavish Aggarwal family consists of his parents and siblings. Bhavish Aggarwal’s father’s name is Naresh Aggarwal he is an Orthopaedic Surgeon and his mother’s name is Usha Aggarwal she is a pathologist.
Bhavish Aggarwal’s younger brother’s name is Ankush Aggarwal he is also the founder of Avail Finance, an online lending platform while his sister’s name is Arohi Aggarwal.
Bhavish Aggarwal wife’s name is Rajalakshi. The two were in a relationship since 2007 and got married after 7 years of dating in 2014 in Bengaluru.
Bhavish Aggarwal Career
During his graduation from the IIT, Bombay, Bhavish did a 3-month internship at Microsoft Research India as a research intern from May 2007 to July 2007. When he completed his engineering, he joined the Microsoft Research Office of India in July 2008 as an Assistant Researcher.
He worked there for around 2 years and then left it in order to establish his own startup following an incident that gave him the real idea.
In 2010, Bhavish was traveling from Bengaluru to Bandipur via a taxi, and the taxi driver demanded more money than they initially decided. He stopped the taxi and refused to go ahead without extra money. Bhavish rigidly refused to give money to the taxi driver and thus the driver left him on the road and he had to find another taxi.
This incident led him to think many people must have suffering from this situation too. Hence the idea of OLA Cabs germinated in his mind.
Bhavish Aggarwal OLA Cabs
Bhavish Aggarwal and Ankit Bhati founded OLA Cabs in September 2010. For the initial need to start a business, Bhavish invested all his savings from his previous job and started Ola and also raised around Rs 34 Lakh from Kunal Bahl (Snapdeal Founder), Rehan Yar Khan (Capitalist), and Anupam Mittal (Shaadi.com) and also established the first office of Ola in a mall of Powai in a 1BHK space and started operations with a website – Olatrips.com.
The first milestone Bhavish Aggarwal Ola Cabs made in 2014 with 10,000 rides in a day. Bhavish Aggarwal Ola Cabs started becoming the first choice of travelers. They have created a network of 1.5 million driver partners and are currently operating their cab services in more than 250 cities in India, Australia, Newzea Land, and the UK. As per the numbers clocked by Bhavish Aggarwal Ola, the company has served around 1+ billion rides per year.
Bhavish Aggarwal Ola has also launched some subsidiaries including Ola Fleet, OlaMoney, Ola Dash (Shut down), Ola Cars (Shut down), Ola Cafe (Shut down), etc. Some subsidiaries are doing well like OlaMoney which was founded with the aim to provide mobile payment and wallet services but some are shut down like Ola Cafe which was an online food delivery platform.
Apart from that, Bhavish Aggarwal Ola also acquired one of the most popular food delivery platforms in India Foodpanda in December 2017 for an undisclosed amount.
Must Read: Hemalatha Annamalai Biography – The Pioneer of EV in India.
Bhavish Aggarwal OLA Electric
ANI Technologies was established by the founders in 2010, formerly known as OlaCabs. Basically, it is a parent company for the Ola subsidiaries. In 2017, Bhavish Aggarwal founded another subsidiary Ola Electrics, the simple logic behind founding an e-vehicle manufacturing company was to reduce carbon emission and fuel dependency of Ola Cabs.
In order to focus on Ola Electric, in 2022, Bhavish Aggarwal resigned from the post of Chief Executive Officer. In 2018, Bhavish purchased a 92.5% stake in Ola Electric from ANI Technologies and 7.5% is still on ANI for using the brand name OLA.
After raising enough money and completing acquisitions, in 2021, Bhavish Aggarwal Ola Electric announced that they are on their way to establishing the world’s largest two-wheeler factory. And they also have done it was building a 500-acre manufacturing factory in Pochampalli, Krishnagiri, Tamil Nadu. They have named it the Ola Future Factory.
Now Bhavish Aggarwal Ola Electric is the largest electric 2-wheeler manufacturing company in the list of top 5 – Ola Electric, Okinawa Autotech, Hero Electric, Ampere Vehicles, and Ather Energy.
Read Also: Tarun Mehta Biography – Success Story of Ather EV Founder
Bhavish Aggarwal Net Worth 2023
The estimated, Bhavish Aggarwal net worth in 2023 is approximately Rs 11,700 Crore. His main source of earnings is his current business Ola Electric while he also holds a 6.7% stake in Ola Cabs.
Bhavish Aggarwal Awards & Recognitions
In this Bhavish Aggarwal biography, I have shared the incredible journey of entrepreneurship, he has surpassed and for that, he has also been named to various prestigious awards and lists. He is not just a successful entrepreneur but the most influential and inspiring as well. Here I am sharing the list of Bhavish Aggarwal awards & recognitions.
- mBillionth Award South Asia Best Startup of the Year – 2013
- Global Growth Company Award by World Economic Forum – 2014
- Innovation in Transportation Award by Frost & Sullivan – 2014
- Startup of the Year Award by Economic Times – 2015
- Leadership Award for Outstanding Startup by Forbes India in 2015
- Consumer Internet Company of the Year Award by VC Circle – 2015
- Unicorn of the Year by NDTV – 2016
- Young Turks e-Vengelist by CNBC TV18 – 2016
- 30 Under 30 Award by Forbes 2016
- Startup of the Year by Business Standard – 2016
- Mobility Leader by Express IT Awards – 2016
- Entrepreneur of the Year Award Economic Award – 2017
- Disruptor of the Year Award by Asia Business Leader Award – 2017
- ID Person of the Year by Cybermedia ICT Business Awards – 2018
- Named in the 100 Most Influential People by TIMES magazine’s – 2018
- CEO of the Year Award by SABER Awards South Asia – 2019
Read Also: Ritesh Agarwal Biography – Success Story of OYO Founder
Bhavish Aggarwal Social Media
In this Ola founder Bhavish Aggarwal biography, I have shared all the details about the entrepreneur and you might be interested in following him as he is available on various social media platforms including Instagram, Twitter, LinkedIn, etc. where you can follow him and can stay connected with him.
|Bhavish Aggarwal Social Media||Username||Followers|
|Bhavish Aggarwal||114K Followers|
Must Read: Must Read: Top 12 Business Leaders In India 2023 – Inspiration For Youth
Interesting Facts About Bhavish Aggarwal
Through this Ola Founder Bhavish Aggarwal life story, I have tried my best to provide you with all the crucial details about the entrepreneur and thus you must have read up on these facts about Bhavish Aggarwal. So here I am sharing some interesting and lesser-known facts about Bhavish Aggarwal given below.
- Bhavish ranked the 24th in IIT exam in 2004.
- He started his professional career at Microsoft Research India.
- In 2022, Bhavish Aggarwal resigned from Ola Cabs or ANI Technologies in order to focus on OLA Electric.
- He exited ANI Technologies with a 92.5% stake in Ola Electric. The remaining stake is still with the ANI to use the Ola brand name.
- Bhavish Aggarwal OLA Electric has the world’s largest electric 2-wheeler manufacturing factory named the Ola Future Factory.
- He was the youngest entrepreneur on the list of Forbes 30 Under 30 2016.
- He is a pet lover and also has 3 Dogs in his OLA electric office named Happy, Husky, and Fatty.
Want To Read: The Biography of Your Favorite Entrepreneur?
Through this Ola Founder Bhavish Aggarwal success story, we have learned that a true entrepreneur solves problems by providing the best solution through its products. You too can be a successful entrepreneur of you are solving the problem.
In his Bhavish Aggarwal biography, I have shared all the details about him including Bhavish Aggarwal date of birth, Bhavish Aggarwal age, Bhavish Aggarwal education, Bhavish Aggarwal career, Bhavish Aggarwal family, Bhavish Aggarwal wife, Bhavish Aggarwal awards & recognitions, Bhavish Aggarwal net worth, Bhavish Aggarwal social media, some facts about Bhavish Aggarwal Ola founder, etc.
Hope this Bhavish Aggarwal Ola success story was inspirational for you and the content I have provided was also useful and informative enough for you. Thanks for reading.
Who is Bhavish Aggarwal?
Bhavish Aggarwal was the founder and CEO of OlaCabs who resigned from his post at the company in order to focus on Ola Electric.
What is Bhavish Aggarwal age?
As of 2023, Ola Founder Bhavish Aggarwal age is 38 Years.
Who invested in Ola first?
Kunal Bahl (Snapdeal Founder), Rehan Yar Khan (Capitalist), and Anupam Mittal (Shaadi.com) were the initial investors in Ola, the amount raied in the first round was Rs 34 Lakh.
What is Bhavish Aggarwal net worth?
The estimated Bhavish Aggarwal net worth is approximately Rs 11,700 Crore and possibly more than that.