This is the story of a successful young entrepreneur of the country who revolutionized the country’s transportation industry while innovating. This man set up a billion-dollar company providing cab facilities in Indian cities. In the desire to start his own business from the beginning, this man always kept looking for new options and finally launched a venture that was the solution to a major problem of a large population of the country.
We are talking about the first generation entrepreneurs who laid the foundation of Olacabs, the country’s largest cab company. Bhavish Aggarwal About the success of. Born in a middle-class family in Ludhiana, Bhavish used to top his studies from childhood. After completing his schooling, he obtained an engineering degree in computer science from the Indian Institute of Technology, Mumbai, cracking the country’s prestigious exam ‘Joint Entrance Examination (JEE)’.
After successfully completing an engineering degree, Bhavish joined Microsoft as a research associate. During his two-year job at Microsoft, Bhavish filed two patents and got three papers published in the International Journal. Despite all these achievements, he planned to leave this job and start his own business.
Bhavish says that I have always wanted to start something of my own and that was the reason why I was looking for alternatives. But at the same time I used to think of presenting a solution to any problem of the society.
To start new business, Bhavish started exploring all the possibilities around him. Meanwhile, one day during a trip in Bangalore, he had a conversation with the driver and this poor experience gave the idea of starting a business related to cab to Bhavish.
Reading further with this idea, Bhavish along with his friend Ankit Bhati laid the foundation stone of Ola Cabs in 2010. In his quest for something new, Bhavish thought of using his technology background to combine cab services and technology together. And his idea proved to be extremely revolutionary. Providing customized vehicles at extremely per kilometre rate through website and mobile apps to customers, Bhavishya revolutionized the country’s transportation industry.
By 2014, the company had expanded to a network of over 200,000 cars in 100 cities across the country. Ola Cabs raised several million funding from Japan’s SoftBank, attracting investors. Expanding its empire, Ola Cabs acquired Bangalore-based taxi service TaxiForSure in March 2015. Not only this, by November 2015, Ola also started a bus-shuttle service by acquiring a company called Geotag. In the year 2019, Ola laid the foundation stone of a new company under the banner of Ola Electric. Under this company, Ola is now going into the manufacturing of electric scooters. According to sources, the company may introduce its first e-scooter in the market by January 2021.
Today, Ola Cabs services are available in almost all big and small cities of the country. Being the country’s largest cab service provider, Ola has now expanded its services to more than 250 cities in Australia, New Zealand and the United Kingdom. Ola Cabs currently has a market value of over 44 thousand crore.
How To Earn Money By Doing Business With Ola?
Bhavish Aggarwal, who was included in Forbes’ list of 30 influential entrepreneurs, tried his hand at the business a few years ago, daring to quit his decent job and today he is one of the most successful startups in the country. His story really inspires the youth to become self-reliant.