In 2017, Bhavish Aggarwal founded Ola Electric, a company focused on manufacturing electric two-wheelers. Prior to this venture, Aggarwal had gained recognition as a successful entrepreneur stemming from his establishment of Ola Cabs in 2011. Born in Ludhiana, Punjab, he had pursued engineering at IIT Mumbai from 2004 to 2008 before embarking on his professional journey.
Aggarwal commenced his career with an internship at Microsoft in 2007, eventually becoming an employee of the company. During his tenure, he showcased his expertise by filing two patents and publishing three papers in international journals. However, his life took a significant turn when he decided to leave his job and pursue his entrepreneurial aspirations.
The inspiration for Ola Cabs, an innovative concept in India at the time, struck Aggarwal after a distressing cab experience during a journey from Bangalore to Bandipur. Following a dispute over the fare, the cab driver abandoned Aggarwal in an unfamiliar location. Recognizing the need for reliable and efficient transportation services, Aggarwal launched Ola Cabs, successfully revolutionizing the Indian cab space.
Married to Rajalakshmi, Bhavish Aggarwal achieved remarkable success with Ola Cabs, as evidenced by its valuation of 4.8 billion dollars (Rs 39832 crore). Moreover, in 2017, he founded Ola Electric, which experienced significant growth and garnered a valuation of 6 billion dollars (Rs 49225 crore) after raising approximately Rs 2400 crore (300 million dollars) in funding.
Aggarwal’s entrepreneurial achievements extend beyond Ola and Ola Electric, as he is among the select few Indian individuals who have founded two unicorns. As of 2022, his net worth stood at Rs 11700 crore. Aggarwal’s accomplishments exemplify the caliber of success that individuals hailing from IIT have achieved, as the institution has consistently produced exceptional business leaders and owners.