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Mr. Bhavish Aggarwal

Young Alumni Achiever
2014
Co-Founder and CEO of Ola Cabs
B.Tech. '08 CSE

Mr. Bhavish Aggarwal, is a Co-Founder and CEO of Ola Cabs – one of the fastest growing startups in India. Mr. Aggarwal started his career with Microsoft Research, where he worked for two wonderful years and was able to file two patents and publish three papers in International Journals. But the entrepreneurial itch was too hard to resist and he decided to quit his job in August 2010 and moved to Mumbai. In September 2010, he co-founded Olacabs from his home. “At Olacabs, we are trying to provide hassle-free, reliable and technology-efficient cab service to Indians in a deeply fragmented and highly unpredictable market of car/taxi services where there is a significant shortage of easy and comfortable on-ground options for transportation be it within a city or outside,” informed Aggarwal. 

    Olacabs works on a model that helps in empowering the drivers as well. It strongly believes in fostering and cultivating a rich entrepreneurial culture among drivers of the local cities. It ties-up with car manufacturers and loan financers, that enables drivers and entrepreneurs to buy cars at discounted rates and at attractive financing options. There are host of other benefits extended to the drivers and their families such as medical insurance, children scholarships and a comprehensive Driver Incentive Program, thus creating a win-win situation for all. 

    Mr. Aggarwal received his Bachelor’s Degree in Computer Science and Engineering from IIT Bombay, in 2008. “Life at IIT Bombay revolved around the peers and friends and I have a lot of memories associated with them. The co-founder of Ola Cabs, Mr. Ankit Bhatia is also a close friend from IIT Bombay,” he shared.

    In a short span of time, Mr. Aggarwal and his Company have been widely covered by media and have been honoured with several awards such as the 'mBillionth award South Asia 2013', 'Best startup of the year' by IAMAI, 'HATT awards', Hindustan Times '30 under 30', and Forbes '30 under 30', to mention prominent ones. 

    When not brainstorming about making Olacabs even bigger and better, Mr. Aggarwal can be caught cycling or playing squash. He also enjoys photography and maintains a hugely popular photoblog. 

    Blurb: “I have three key points to share – (a) Take that Chance: Few take the leap to follow their dreams, doubting whether they will make it. But you'll never know unless you take the big step. There will be situations where your actions will have different outputs. Still, believe in what you do. (b) Solve Real Problems: Focus on solving real problems. There will be enough takers for your solutions. You will help make lives of some people better and money will follow. (c) Settle for the Best: Don't take short-cuts while building your company — keep trying for the best,” Mr. Bhavish Aggarwal.