Ola cabs story And Bhavish Aggarwal
Ola Cabs (stylised as OLΛ), is an Indian origin online transportation network company developed by ANI Technologies Pvt. Ltd.Ola Cabs was founded on 3 December 2010 as an online cab aggregator in Mumbai, and is now based in Bangalore. As of 2018, the company has expanded to a network of more than 10,00,000 vehicles across 169 cities. In November 2014, Ola diversified to incorporate autorickshaws on a trial basis in Bangalore.After the trial phase, Ola Auto expanded to other cities like Delhi, Pune, Chennai and Hyderabad starting in December 2014.
The idea behind Ola came to Bhavish Aggarwal after he found himself stranded in the middle of the road on his way to Bandipur from Bangalore. Bhavish’s cab driver stopped the car in the middle of the journey and demanded a renegotiation of what Bhavish was paying and then proceeded to abandon him by the side of the road. Understanding the plight of travellers everywhere, he saw the amount of potential that an extraordinary cab booking service could have in this country. In 2010, he changed his business model from a holiday and tour planning company to a taxi hailing firm.
Co founder Ankit Bhati Joined, Ola was launched in December 2010 as Ola Cabs. The taxi aggregator efficiently bridges the gap between cab owners and commuters adding a touch of technology to make lives and transportation easier. The company partners with drivers and cab owners to offer a variety of cab services to commuters across India. Leveraging the best of technology and building innovative solutions, the company expanded to reach 50+ cities by 2015. Serving 200,000 rides per day, which roughly translated to 6 million riders per month, the taxi hailing startup grew at a rate of over 40%.
2015, the company also launched Ola Fleet, a cab lending arm, which operates as a subsidiary of ANI Technologies Pvt., Ltd., Ola’s parent company. By September 2015, the company was valued at $5 billion. In 2016, the company launched another flagship service Ola Play which became the world’s first connected car platform, transforming the commuting experiences and setting the tone for global innovation in this space. By the end of the year, started facing competition from Uber and another homegrown company TaxiForSure. Nevertheless, Ola persevered. The startup acquired TaxiForSure, launched another flagship service Ola Auto and continues to battle against Uber to become the majority shareholder of the market.
After the idea, the design and vision were done by Usha Loutongbam, product manager and Bhavish himself. As for the developers who converted these ideas into reality: The first version for Android was built byAjinkya Potdar and for iOS by Khushal Bokadey. Both of them joined the company for two months of internship and did an excellent job rolling out the release in real quick time. After that the iOS app was taken over by atul manwar,android by Ankit Kumar and backend apis by Neeti Birla. The main focus of the new releases is to make the app feature rich while constantly improving the user experience and yet not losing the essence of one touch cab booking.
The 29 year old IIT B Grad Bhavish Aggarwal is the founder & CEO of India’s most popular Cab founder OlaCabs.
He born in Ludhiana, Bhavish just like every other success-driven and successful entrepreneur, began at a very early age. Soon after he completed his Bachelors in Technology (Computer Science and Engineering) from IIT – B in 2008, he started his career with Microsoft Research India as a Research Intern and later got reinstated as an Assistant Researcher.
During his more than two years of stint with Microsoft, Bhavish managed to file two patents and also got three papers published in the international journals.
Now what many aren’t aware is that, while he was at it, he had also turned into a blogger and had founded his own prodigy called – desitech.in. Desitech was all about hosting content which was mainly focused at technologies which again were inclined towards the Indian scenario. This content was a collection of start-ups in India, events and / or any other exclusive news.
Anyways, during this same time, he took the biggest decision of his life and turned his personal pain-point into his first entrepreneurial venture!