#co founder of ola cabs

[twnenglish]

Success Story Behind Bhavish Agarwal's Ola Cabs

While most of us aspire to possess swanky cars with hip chauffeurs, have a look at this Indian businessman who charmed millions of people by creating the finest online "Book A Ride" service. People no longer had to endure crowded buses or rickshaws thanks to the brains behind one such "e-commerce" enterprise.

Bhavish Agarwal is an Indian entrepreneur and co-founder of "Ola Cabs," was born on August 28, 1985, in Ludhiana, Punjab. He later earned a bachelor's degree in Computer Science and Engineering from IIT Bombay in 2008. He presently resides in Bangalore. In addition to working nonstop, he likes squash, cycling, and running a photography blog, which demonstrates how much he values photography. His favorite book is "Steve Jobs: A Biography."

Bhavish Agarwal, a computer-skilled blogger at Desitech, created his own blog. 2008 to 2009. Desitech, In is dedicated to covering Indian start-ups, events, and other tech-geek-related topics. While he was already climbing the success ladder, he launched his career with a bang by accepting a position as a research intern with the high remediation firm "Microsoft Research" and afterward getting reinstated as an assistant researcher for two years from 2008 to 2010. He simultaneously filed for two patents and had three articles published in internal publications. In 2010, Bhavish rebranded his prior business and quit his job to create the online rental taxi service empire known as "OLA CABS."

Bhavish went through a difficult time when his business was first starting out; he once answered customer calls and transported a client to the airport.

Success Story Behind Bhavish Agarwal's Ola Cabs

We don't need to introduce Ola. Ola, the first Indian cab aggregator business, has made using cab services simple. Ola, formerly known as OlaCabs and currently owned by ANI Technologies Pvt. Ltd., was established in December 2010 by two IIT Bombay alumni. Since it was one of the first cab firms in India, Ola has done a great job of bridging the gap between commuters and cab owners! Co-founder of Ola Cabs and Ola Electric and an entrepreneur from India named Bhavish Aggarwal. Aggarwal was listed among Time magazine's 2018 list of the 100 Most Influential People.

Story of Ola founder Bhavish Aggarwal

The creator of Ola, Bhavish Aggarwal, graduated with a B.Tech. in computer science from IIT Bombay in 2008. Bhavish, the proprietor of Ola Cabs, worked for Microsoft Research in Bangalore for his first two years following graduation. He filed two patent applications and three research publications for publication in foreign journals while he was employed by Microsoft.

While pursuing his entrepreneurial ambition, he established an online company to promote short-term trips and excursions, which he eventually rebranded as Ola Cabs. Bhavish Aggarwal is the co-founder and CEO of Ola. The owner of OLA, Bhavish Aggarwal, was born on August 28, 1985, and according to statistics from 2019, his personal net worth was estimated to be over $350 million. By September 2021, Bhavish's fortune had increased to Rs 7500 crore ($958.43 million).

His inclusion on the list of the 40 richest persons in India, which is headed by Divyank Turakhia and included Sachin and Binny Bansal, Neha Narkhede, Nakul Aggarwal, and Ritesh Arora and has a net worth of Rs 12,500, was made possible by this.

Ola's CEO, Bhavish Aggarwal, is allegedly aiming to concentrate more on the business's upcoming and new projects while moving away from the day-to-day operations of Ola's core operations. Arun GR, who joined Ola in 2021 from Vedanta Resources and previously held the positions of Chief Financial Officer (CFO) of Ola Electric and Ola Financial Services, will be in charge of the business's everyday operations, according to an internal organizational letter.

Bhavish claims that he would keep heading up Ola's team building, product development, engineering responsibilities, two-wheeler and car projects, quick commerce verticals, global growth, and other activities.

Bhavish Aggarwal's net worth

Aggarwal has a net worth of 11700 crores as of 2022. His company, Ola, is worth $6.5 billion. He is a young man and one of India's newest billionaires. He loves an opulent way of life with all the amenities that come with excessive wealth. He has multiple expensive cars, including a Mercedes S600, a Bugatti Veyron, and a Rolls Royce Phantom.

Ankit Bhati - co-founder of ola

Ankit Bhati is a co-founder and the Chief Technology Officer (CTO) of Ola Cabs. He and Bhavish Aggarwal co-founded Ola in 2010. Additionally, he helped create ANI Technologies. There have been speculations that Ankit Bhati and Bhavish Aggarwal, the firm's founder, had serious differences that led to their split from the ridesharing company last year. However, his contribution to the company extends much beyond these assumptions.

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[secretstalks]

Ola Electric’s CEO states the focus is on capturing consumer imagination, not just market share, during the Roadster launch

Ola is prioritizing consumer engagement and brand loyalty over market share, according to Co-Founder Bhavish Aggarwal. At a recent event, Ola Electric Mobility Ltd. introduced its first motorcycle lineup—the Roadster series—and teased two additional models.

The company also announced a rebranding of Ola Cabs to Ola Consumers. Aggarwal highlighted that the new electric motorcycles are built on the same platform as their scooters, aiming to enhance operational efficiency and growth. He stated, "As we ramp up production, we’ll leverage our existing factory and investments," noting that the motorcycles will initially have profit margins similar to those of their scooters.

In the June quarter, government policy changes resulted in a Rs 23 crore reversal in the PLI scheme, affecting their automotive segment just as it was nearing Ebitda positivity. Nevertheless, Aggarwal expressed optimism about the EV business, asserting, “We’ve demonstrated that EVs are a sustainable business model.”

Regarding market share, he emphasized that Ola's focus is on winning consumers' hearts by creating engaging products. The new bikes, priced between Rs 75,000 and Rs 2.5 lakh, aim to attract a diverse customer base. He noted that the transition to electric bikes is accelerating, with Ola positioned to lead in this emerging market with limited competition.

Despite reporting a widened net loss of Rs 347 crore for the quarter ending June 30, 2024, up from Rs 267 crore the previous year, Ola saw a 32% increase in revenue to Rs 1,644 crore.

On August 9, 2024, Ola Electric made its debut on the National Stock Exchange of India after an IPO that was oversubscribed by over 4.5 times. Although the stock opened at par, it has risen approximately 71% in just four trading sessions, with a more than 15% increase on Friday.

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[bhaskarlive]

After Microsoft Azure, it’s time for Indian developers to exit Google Maps: Ola CEO

Bhavish Aggarwal, co-founder and Chairman of the Ola group, said on Monday that after exiting Microsoft Azure Cloud, it is time for the developers to shun Google Maps, as he announced one-year free access to all developers to Ola Maps on AI-driven Krutrim platform, along with more than Rs 100 crore in free credits.

Last week, the ride-hailing company Ola exited Google Maps and shifted to in-house Ola Maps for cab operations. The move has apparently saved the company nearly Rs 100 crore a year.

Source: bhaskarlive.in

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Bhavish Aggarwal Transforming Transportation With Ola Cabs - Nishant Verma

Bhavish Aggarwal is a prominent figure in the world of technology and transportation. He is the co-founder and CEO of Ola Cabs, commonly referred to as Ola, which is one of India’s leading ride-hailing and mobility companies. Bhavish Aggarwal’s journey from a young entrepreneur with a vision to a key player in India’s transportation sector is nothing short of inspiring.

Bhavish Aggarwal’s educational background lays the foundation for his journey into entrepreneurship. He holds a degree in Computer Science and Engineering from the prestigious Indian Institute of Technology (IIT) Bombay. His academic prowess and technical skills would prove to be invaluable as he ventured into the world of startups and technology-driven solutions.

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Bhavish Aggarwal: Transforming Transportation With Ola Cabs - Nishant Verma

Bhavish Aggarwal is a prominent figure in the world of technology and transportation. He is the co-founder and CEO of Ola Cabs, commonly referred to as Ola, which is one of India’s leading ride-hailing and mobility companies. Bhavish Aggarwal’s journey from a young entrepreneur with a vision to a key player in India’s transportation sector is nothing short of inspiring. Bhavish Aggarwal’s educational background lays the foundation for his journey into entrepreneurship. He holds a degree in Computer Science and Engineering from the prestigious Indian Institute of Technology (IIT) Bombay. His academic prowess and technical skills would prove to be invaluable as he ventured into the world of startups and technology-driven solutions.

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Bhavish Aggarwal: Transforming Transportation With Ola Cabs

Bhavish Aggarwal is a prominent figure in the world of technology and transportation. He is the co-founder and CEO of Ola Cabs, commonly referred to as Ola, which is one of India’s leading ride-hailing and mobility companies. Bhavish Aggarwal’s journey from a young entrepreneur with a vision to a key player in India’s transportation sector is nothing short of inspiring.

Education

Bhavish Aggarwal’s educational background lays the foundation for his journey into entrepreneurship. He holds a degree in Computer Science and Engineering from the prestigious Indian Institute of Technology (IIT) Bombay.

[gadgetsforusesblog]

Click to read The CEO of Ola Cabs says India should lead the way in adopting AI technology with open arms

Co-founder and Chief Executive Officer of Ola Cabs, Bhavish Aggarwal, said on Saturaday that Artificial Intelligence (AI) is a huge technological tool to increase productivity and India should take the lead in adopting such technologies. Speaking at the ABP Network’s Idea of ​​India Summit here, Aggarwal also dismissed the idea that embracing such technology would lead to job losses. Technology…

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India Should Lead In Adopting AI Technology With Open Arms, Says Ola Cabs CEO - today news

New Delhi: Artificial Intelligence (AI) is a massive technology tool for increasing productivity and India should take a lead in adopting such technologies, Bhavish Aggarwal, the co-founder and Chief Executive Officer of Ola Cabs, said on Saturday. Speaking at the ABP Network’s Idea of India Summit here, Aggarwal also discounted the notion that embracing such technology would result in job…

[devinkarlson]

Ankit Bhati is known as the founder and chief technology officer of Ola cabs. He founded the Ola company in the year 2010 along with his partner Bhavish Aggarwal. Along with this, Ankit Bhati is also the co-founder of ANI Technology. Biography of Ankit Bhati – In this article of ours today, we will get information about the biography of Ankit Bhati, the founder of Ola.

[twnenglish]

Success Story Behind Bhavish Agarwal's Ola Cabs

While the majority of us dream of owning posh vehicles with cool drivers, meet this Indian entrepreneur who enchanted the lives of millions by curating the best online "Book A Ride" service. The mastermind behind one such 'e-commerce' venture gave people relief from traveling by chaotic rickshaws or buses.

Bhavish Agarwal is an Indian entrepreneur and a co-founder of "Ola Cabs" who hails from Punjab, Ludhiana, and was born on 28th August 1985. He then graduated from IIT Bombay in 2008 with a bachelor’s degree in Computer Science and Engineering. He lives in Bangalore now. Apart from working non-stop, he enjoys cycling, playing squash, and owns a photography blog, which shows how much he admires photography. His favorite book includes "Biography of Steve Jobs".

Since Bhavish Agarwal is a savvy tech, he started his own blog as a blogger at Desitech. From 2008 till 2009. Desitech, In loyally hosts content related to tech geek things and is all about Indian start-ups, events, etc. While he was already laddering up the success shield, he kick-started his career with a bang enduring a position with a highly reparative company "Microsoft Research" as a research intern and got restored at a later stage as assistant research for 2 years from 2008 till 2010. At the same time, he got 3 papers published in internal journals by filing 2 patents. Bhavish then soon ditched his job to build an empire of online rental cab service known as "OLA CABS" in 2010 which was a re-branding of his previous venture.

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[secretstalks]

Rapido financial outlook according to Aravind Sanka

Bengaluru-based mobility startup Rapido has recently made headlines with a significant $200 million funding round, elevating its valuation to $1.1 billion and earning it a spot in the unicorn club. Co-founder and CEO Aravind Sanka has revealed that the company is on the brink of achieving cash-flow positivity, with expectations to become profitable within the next few months.

Rapido's impressive growth is underscored by its vast network of 1.7 million active monthly driver-partners, who collectively manage nearly 0.5 million orders daily across bikes, auto-rickshaws, and four-wheeler cabs. Sanka highlighted Rapido's dominance in the market, claiming a market share exceeding 40% in the two-wheeler and three-wheeler segments, positioning it ahead of competitors like Ola and Uber.

The company reported a substantial increase in revenue for FY23, reaching Rs 497.5 crore compared to Rs 157.9 crore in FY22. Despite this growth, losses also widened, from Rs 439 crore to Rs 674.6 crore, largely due to heavy investments in expansion and development. Notably, Rapido's zero-commission model for drivers continues to be a key differentiator. Drivers pay a fixed monthly fee of Rs 500 for every Rs 10,000 earned on the platform, with Sanka affirming the company's commitment to maintaining this model.

Rapido is now turning its attention to the burgeoning quick commerce sector, aiming to capitalize on the growing demand for rapid delivery services. The company currently supports last-mile food delivery for Swiggy, a major investor in its recent Series D funding round, and collaborates with ONDC. Discussions are underway with quick commerce players like Zepto and Zomato’s Blinkit to explore 10-30-minute delivery options.

The company is also leveraging its extensive fleet to support small direct-to-consumer (D2C) businesses, with plans to partner with logistics firms and work directly with various companies. On the sustainability front, Rapido is making significant strides with electric vehicles. In the NCR region, over 25% of orders are now delivered by electric vehicles, and the company aims to transition all deliveries in Delhi to electric within the next six months. Partnerships with fleet operators to develop exclusive electric vehicle fleets for two-wheelers, three-wheelers, and four-wheelers are also in progress.

Looking ahead, Rapido may consider an initial public offering (IPO) within the next two to three years as a potential step in its growth trajectory. The company's recent fundraising efforts have seen it secure close to $500 million, with WestBridge Capital leading the latest $200 million Series E round, joined by Think Investments, Invus Opportunities, and longstanding partner Nexus Venture Partners.

Ownership of Rapido's parent company, Roppen Transportation Services, as of FY23 includes WestBridge Capital with a 25.6% stake, Swiggy with 15.1%, Nexus Venture Partners with 9.7%, and Integrated Capital with 4.9%. The combined shareholding of co-founders Pavan Guntupalli, Rishikesh SR, and Aravind Sanka stands at 7.5%.

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Biography of Anupam Mittal – Founder of Shaadi.com and People Group

Anupam Mittal is the founder and CEO of People Group. He is popularly recognized for being the founder of the matrimonial site, shaadi.com. Anupam had played cameo roles and was also a former producer in many Bollywood movies like Flavors and 99. He is a man of perseverance, and his goal-oriented attitude made him a globally recognized Indian entrepreneur.

Anupam Mittal’s Early Life

Anupam was born in a Marwadi family in Mumbai.

He got married on July 4, 2013, in Rajasthan, India.

He acted and produced 2 movies — Flavors (2003) and 99 (2019).

Anupam invested 1 crore in Ola cabs, with an active partnership of 2% shares.

He is a board member of Lets Venture Online and Zepo.

The entrepreneur is also an active advisor of Kae Capital, ShaadiSaga, and Grip.

He actively advertises luxurious brands and commercials on his social media accounts.

Anupam started angel investing in 2007 in the company Interactive Avenues and became the largest shareholder in just 1 year.

Anupam Mittal’s Educational Qualifications

Anupam completed his MBA in business and commerce from Boston College, Massachusetts, United States (1994–1997).

Anupam Mittal’s Professional Journey

Anupam started his matrimonial website, sagaai.com in 1997. It was later renamed shaadi.com.

In 1998, he worked as a product manager at MicroStrategy, a business intelligence software firm in Washington D.C.

He was the chairperson and co-founder of The Internet & Mobile Association of India (IAMAI) in 2004.

Anupam founded the website mauj.com in 2005. It provides an insight into mobile content like video games, roaming apps, Indian matrimonial apps, messaging apps, etc.

In 2007, he founded an online real estate platform, makaan.com.

In 2018, Anupam was the founder and co-chairperson of H2 India.

He was also one of the seven sharks in the popular business reality show, Shark Tank India, telecasted in 2021.

Anupam Mittal’s Awards and Achievements

Anupam was listed in the top 25 frequently searched people in ‘The Week’ magazine.

He was listed among the top 100 icons of India’s Digital Ecosystem by IMPACT Digital Power in 2012 and 2013.

Anupam was listed among the top 100 NRIs in North America.

He was honored by IT people as the Entrepreneur of the Year.

Anupam also received the Karamveer Puraskar.

He has also been Business Week’s one of the 50 most influential individuals in India.

Anupam was honored with an outstanding serial entrepreneur and angel investor award in the 2nd year of the ‘Hall of Fame’ 2020 awards by the Indus Entrepreneurs Mumbai.

[gtccabs]

GTC Cabs to launch self-driver car rental this year

Noida: GTC Cabs, an online cab booking aggregator providing reliable and premium cab services to customers, will launch self-driver car rentals this year.

Noida-based GTC Cabs currently offers services such as outstation cabs, one-way taxis, car rentals, airport taxi transfers, and shared taxis across the country. Unlike other aggregators, who charge a hefty commission from the cab drivers, making the rides very expensive (to go with frequent cancellations), GTC provides high-quality and reliable services at the cheapest rates.

“We do not charge any commission from cab drivers. They only have to buy a monthly package from us for Rs. 400 to get business from our portal. This allows us to offer cab services to customers at the equivalent or just higher than the bus fare. This has allowed us to get a firm footing in the cab services segment pan-India. Having established ourselves as a reliable cab aggregator, we are going to launch self-driver car rental services this year,” said Krishan Pal, Founder and Director of GTC Cabs.

Pal is deeply inspired by Bhavish Aggarwal, Co-founder of Ola Cabs, which heralded the era of cab services in the country. However, Pal has made it his mission to make cab services affordable to the masses in the true sense. The company is currently working with more than 10,000 cab drivers and vendors.

GTC Cabs also has a system where customers post their ride details along with the fare, which the drivers can match or quote another fare. The customer has the option of booking a shared taxi or a one-way cab to meet his budget.

“Our cab services are for everyone, but if there are still budget constraints, we give various options to customers to pick the cheapest cab services,” said Pal.

Incidentally, Pal established GTC Cabs in August 2021, just months after the second wave of the Covid-19 pandemic. This was a time when several curbs and restrictions on travel and gatherings continued to be in force across the country. Many cab drivers and agencies were at the time struggling to earn enough to pay their vehicle EMIs due to a lack of business.

“There was no particular reason for choosing that period to start the company. The groundwork had been done and we just wanted to get started. Many people had quit cab driving as a profession at the time but we could bring many of them back and support them,” Pal added.

Also Check Uttarakhand Taxi : Uttarakhand Taxi Service

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Ola CEO Bhavish Aggarwal Refutes Uber Merger Report

Ola CEO Bhavish Aggarwal Refutes Uber Merger Report

The rumoured merger would represent a huge shakeup for taxi aggregators in India By Reuters | Updated: 29 July 2022 21:53 IST Indian cab aggregator Ola and Uber Technologies Inc are considering a potential merger, the Economic Times reported on Friday, citing sources familiar with the matter. Uber did not immediately respond to a Reuters request for comment. Ola co-founder and CEO Bhavish…

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Ola CEO Bhavish Aggarwal Refutes Uber Merger Report

Ola CEO Bhavish Aggarwal Refutes Uber Merger Report

The rumoured merger would represent a huge shakeup for taxi aggregators in India By Reuters | Updated: 29 July 2022 21:53 IST Indian cab aggregator Ola and Uber Technologies Inc are considering a potential merger, the Economic Times reported on Friday, citing sources familiar with the matter. Uber did not immediately respond to a Reuters request for comment. Ola co-founder and CEO Bhavish…