Ankit Bhati, a graduate of IIT Bombay, achieved a remarkable feat years ago at 29 by securing a place on India’s youngest billionaire list. He accomplished this through his startup company, valued at over Rs 1000 crore.
The entrepreneurial spirit of IIT graduates often leads to the creation of exceptional business ideas and successful startup companies in the country. Ankit Bhati’s story follows this trend as he emerged as notable IIT alumni who co-founded one of the largest startup companies in India. Bhati, along with his fellow founders, played a pivotal role in establishing Ola, the widely popular ride-sharing app.
Ankit Bhati, an IIT Bombay graduate, stands as one of the co-founders of the highly popular Ola, a ride-sharing and cab service company in India. Ola has been consistently providing fierce competition to Uber in the market. Ankit, alongside his co-founder Bhavish Aggarwal, also an IIT Bombay graduate, played a crucial role in establishing and growing the success of Ola.
Ankit Bhati, a graduate of the Indian Institute of Technology (IIT) Bombay, is the visionary behind the establishment of Ola Cabs. With a background in Mechanical Engineering and expertise in coding, Bhati’s journey includes significant experiences in various firms like Microsoft, Make Sense, and Wilcom before venturing into the ride-sharing app industry. His diverse professional background equipped him with the skills necessary for the successful launch of Ola Cabs.
Ankit Bhati, together with his IIT Bombay batchmate Bhavish Aggarwal, co-founded Ola Cabs. While Bhavish serves as the CEO of Ola, Ankit took charge of the technical aspects of the ride-sharing application and assumed the role of Chief Technical Officer (CTO) at Ola Cabs. Their partnership and division of responsibilities have been instrumental in the success and growth of Ola as a prominent player in the ride-sharing industry.
Established in 2010, Ola Cabs swiftly gained traction, propelling both Ankit Bhati and Bhavish Aggarwal to India’s youngest billionaires list in 2015. Approximately eight years ago, Ankit Bhati’s net worth amounted to Rs 3,000 crore, as reported by India Today. The rapid success and financial achievements of Ola Cabs reflected the significant impact the company had made in the transportation industry within a relatively short span of time.
Ankit Bhati quickly rose to become one of the youngest billionaires in the country, as acknowledged by the Hurun India Rich List. Meanwhile, Ola Cabs, under the parent company ANI Technologies, has achieved an impressive overall revenue of over Rs 938 crore. The company’s growth is further highlighted by the fact that it employs over 3000 individuals. These achievements showcase the significant impact Ola Cabs has made in the transportation industry, solidifying its position as a prominent player in the market.
Ankit Bhati and Bhavish Aggarwal continue to reach new heights with Ola Cabs, as their revenue is projected to surpass Rs 1000 crore within a couple of years. Their entrepreneurial prowess has established them as influential figures in the country’s business landscape. Ola Cabs’ consistent growth and success serve as a testament to its vision and leadership, solidifying its position as an influential entrepreneur in India.