One of the most talked about young entrepreneur who has made it big in the recent times, Bhavish Aggarwal was born in a middle class family in Bihar. He was always a bright student. After completing his education from IIT Mumbai, Bhavish secured a job at Microsoft. He had a lucrative career and worked as a Market Researcher. But he always desired to be an entrepreneur. So after working for two years, Bhavish quit his job in 2010 to pursue his dream of running his own business. He started an online holiday and tour planning service.
A bad experience while renting a cab turned into a big and successful business idea in a form of Ola Cabs. He had to hire cabs for business and personal travel and had numerous unpleasant experiences with the cab drivers.
He realized that just like him, other customers must be facing the same issues. He saw a huge potential in the market and thought of launching quality cab services. And hence, he changed his business from his earlier start-up to the one we today know as - OlaCabs.
Bhavish's parents were displeased with his idea of quitting a well paid career to become a travel agent. Bhavish's well thought business model and pricing pushed the idea further and he was able to raise the funding in the first year itself. Instead of investing in buying their own fleet, Ola Cabs tied up with the existing taxi drivers and launched the platform and mobile app to order taxi conveniently. The bookings were customised as per the needs of the consumers.
OLA Cabs not only helps people to reach places it also helped taxi drivers to buy cars at cheap rates and financing loans also. They now have more than 4 lakh taxis catering to discerning customers all across the country.
Bhavish who works 16 hours a day, promises transparency in prices, where OlaCabs gets a commission on every sale that the taxi driver makes, which makes it a company that works on pay-per-performance model.
The success story of Bhavish Aggarwal is thought provoking and unfolds the hard work of a man who dreamt big and achieved big.
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