Bhavish Aggarwal | |
|---|---|
| Born | 28 August 1985 |
| Alma mater | IIT Bombay (B.Tech) |
| Occupation | Entrepreneur |
| Title | Co-founder and CEO of Ola Cabs Founder of Ola Electric Founder of Krutrim |
| Spouse | Rajalakshmi Aggarwal |
Bhavish Aggarwal (born 28 August 1985) is an Indian entrepreneur. He is the co-founder and CEO of Ola Cabs; founder of Ola Electric;[1] and the founder of Krutrim, an Artificial intelligence (AI) company which became India’s first AI unicorn at a $1 billion valuation.[2]
Aggarwal was included in Time magazine's 100 Most Influential People of 2018. [3]
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Early life
Aggarwal was born and brought up in Ludhiana, Punjab, in a Punjabi Hindu family.[4][5] He completed a bachelor's degree in computer science and engineering at Indian Institute of Technology Bombay in 2008.[6] He started his career with Microsoft Research India as a research intern and later got reinstated as an assistant researcher.[7]
Career
He began his career with Microsoft, where he worked for two years, filed two patents and published three papers in international journals.[6] In January 2011 he co-founded Ola Cabs with Ankit Bhati in Bengaluru.[8]
Ola Cabs
The idea for a cab company struck Aggarwal when he had a bad experience with a taxi, which led him and Ankit Bhati to co-found Ola Cabs in 2010.
In May 2020, Ola Cabs announced a huge layoff of around 5000 employees in a move to survive the economic repercussions of COVID-19. It had suffered an overwhelming loss of revenue by about 95%.[9] In a webinar addressed to the students of Bennet University, Bhavish said that the COVID-19 pandemic was about to accelerate the innovations in technologies. He claimed that the markets might move towards more car rentals and subscription-based ownerships of cars.[10]
In April 2022, An internal email to Ola employees was sent out, announcing that Bhavish Aggarwal would be stepping down from day-to-day operations of the company to focus on the future of Ola’s venture into electric vehicles and quick-commerce.[11]
Awards
References
- ^ Das, Purba (16 January 2016). "#Startup India:Ola Cabs' Bhavish Aggarwal is conscious that security is a concern, more measures need to be taken". Business Insider. Retrieved 3 February 2017.
- ^ Singh, Manish (26 January 2024). "Ola founder's Krutrim becomes India's first AI unicorn". TechCrunch. Retrieved 5 April 2024.
- ^ "Bhavish Aggarwal: The World's 100 Most Influential People". Time. Retrieved 22 September 2020.
- ^ "Punjab to New York: Ola co-founder Bhavish Aggarwal's red carpet journey". rediff. 26 August 2018.
- ^ Arora, Prashasti (27 August 2018). "From Ludhiana to UK via Australia: How Bhavish Aggarwal drove to success". The Economic Times. Retrieved 27 September 2018.
- ^ a b "Bhavish Aggarwal & Ankit Bhati: The men behind Olacabs". The Economic Times. 25 October 2014.
- ^ "Bhavish Aggarwal - Yo! Success". Yo! Success. 12 August 2015. Retrieved 27 September 2018.
- ^ "Leader in the spotlight-Bhavish Aggarwal". Live Mint. 4 November 2014.
- ^ "Ola lays off 1,400 people, co-founder Bhavish Aggarwal explains the move in a letter to survive Covid". Financial Express. 20 May 2020.
- ^ "Covid-19 accelerating innovation in mobility, says Ola's Bhavish Aggarwal". Times of India. 19 October 2020.
- ^ "Ola CEO Bhavish Aggarwal to focus on future businesses like EVs; step away from day-to-day management". TimesNow. 12 April 2022. Retrieved 13 April 2022.
- ^ "ET Awards 2017: The best and the brightest". The Economic Times. 28 October 2017. Retrieved 5 May 2018.
This page was last edited on 9 April 2024, at 04:13