Bhavish Aggarwal is an Indian entrepreneur and CEO of Ola Cabs. He is an alumnus of the Indian Institute of Technology Bombay. He graduates in Computer Science and Engineering(2008). In this blog, you will able to know the Ola Cabs CEO Bhavish Aggarwal net worth 2018, how the idea of Ola comes as well as his personal life. So just go through the blog and know more about one of the youngest entrepreneurs in India, Bhavish Aggarwal.
Early life and Education
Bhavish Aggarwal was born on 28 August 1985 in Ludhiana, Punjab (India). He started his career with Microsoft, where he worked for two years. He completed a bachelor’s degree in the field of Computer Science and Engineering from the Indian Institute of Technology Bombay in 2008.
Bhavish Aggarwal was born in a Hindu family. He was born to father Naresh Kumar Aggarwal and mother Usma Aggarwal. He married with his parent’s choice and his wife Rajalakshmi Aggarwal is a well-educated women.
Bhavish Aggarwal started his career with Microsoft, where he worked for two years.
He worked as a Market Researcher for two years in Microsoft. During his starting career in Microsoft, he filled two patents and published three papers in international journals. Later he left there in the year 2010.
The idea of Ola Cabs
The idea of Ola Cabs came when Bhavish Aggarwal was on a tour of Himachal pradesh with his friends. He took a taxi for it, but somewhere in the midway of the trip, the taxi driver asking him to give extra money from him. If they refuse to give extra money to him, the taxi driver would not took him to his destination.
After this incident, he comes with a idea to make a chain of the taxi all over India. The fair of the trip is pre-decided such that user have no any problem to use it.
Later he discussed the idea with his friend, Ankit Bhati and they both founded the smart chain of taxi named Ola Cabs.
The era of Ola Cabs
In January 2011, Bhavish Aggarwal co-founded ola cabs with Ankit Bhati in Mumbai. Ankit Bhati is well-known school as well as a college mate. They also worked in Microsoft with each other and left it together. The Ola Cabs was established successfully in many cities of India. The response and revenue from the startup was well enough to control the Indian market.
He co-founded Ola, one of the world’s largest ride-sharing companies, scaled it to more than 100 Indian cities. His startup also empowered millions of driver-partners and commuters and is a flag bearer for India’s consumer-tech ecosystem—all by the age of 32.
In the same year 2011, they became the youngest richest Indians.
la cabs is the biggest competitor to UBER in India. Currently, Ola Cabs is the largest cab-hailing platform in India. Now it’s time to discuss the Bhavish Aggarwal net worth (Updated).
Bhavish Aggarwal net worth 2018
Bhavish Aggarwal net worth has been estimated to be around the US $430 million (INR 3135 crores) as of October 2018. Ola Cabs posted a 70% surge in revenue at the end of the year as of March 2017.
The company has a turnover of INR 1,286 crores in the financial year 2017, which was INR 758 crores in the previous financial year (2016).
- He also received ET awards, Entrepreneur of the year, 2017.