• About Us
  • Submit Your Story or Interview
  • Advertise with US
  • Career
  • Contact Us
  • Write For us
startup insider
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview
No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview
No Result
View All Result
startup insider
No Result
View All Result
Home Startup Stories

The Story Behind OlaCabs: How Did OlaCabs Start?

SI Teams by SI Teams
in Startup Stories
1
olacabs
Share on FacebookShare on Twitter

OlaCabs, or simply known as Ola, was found by Bhavish Aggarwal, one of India’s most popular CEOs and an IIT-Bombay graduate. Like any other online marketplace for various or specific commodities, Ola is a cab aggregator that provides cabs for traveling within or outside the city. Bhavish earlier used to live in Mumbai but later shifted to the startup hub of India, Bangalore. After some time, Ola became one of India’s most popular startups, stretching to various other countries and competing with another popular Cab provider Uber.

Bhavesh’s early life

He was born in Ludhiana, Punjab. At merely the age of 29, Bhavesh has already achieved so much! Bhavesh completed his B.Tech from IIT-Bombay, one of the most prestigious educational institutions in India. Then after completing his education, he started working at Microsoft as an assistant researcher.

bhavish

In merely two years of working with the company, he published three research papers and two patents!

Interests and side-hustle

He was always fascinated and interested in startups and business and always dreamt of starting his own company. Many people don’t know that Bhavish had his own blogging website-Desitech. in, where he used to publish articles related to startups and business, news, etc. He then slowly realized the importance of startups and businesses and then later took a totally different career path.

The idea behind OlaCabs

Bhavish left Microsoft to start his own business venture. This is about short-term vacation vacations. At that point, you are experiencing a bad experience; when he borrowed a rental car from a taxi service that provided an agent who would travel from Bangalore to Bandipur, and the driver unloaded the car in the middle of the forest and asked them to give me all the money you had against the gunpoint.

The drive wants to take all the important features from the driver, and the experience led Bhaivsh to become a successful businessman. And after this incident, he is very determined for himself and wants to solve it. He meets with his friends to discuss his idea, and friends suggest he start it.

The beginning

Bhavish’s parents were very skeptical when he narrated to them about his new startup plan. As any other parents would be concerned for their child to leave such a big firm like Microsoft, they were too. But he did and always believed whatever it takes. He hired a large team and many cars under his new rental car venture, and thus, OlaCabs started.

Read More: First Ever Indian Gaming Company “Nazara Technologies” IPO Launching Today

Business model

For the first time, they are not discouraged and try to go to a single customer shop and provide them with the best services and provide the best food services that come to them at the airport in an easy way.

For the first month, they pay their driver 5000 tips/day and without pay. The drive should complete one single trip throughout the day. In this way the driver earns 1.5 lacs every month an amazing fact from this they have done this ola driving as a quick profit, but they earn too much and then it is their full-time job. As a day trip up, the driver wants to contact these services a month later, the trip’s cost was reduced to 2500 / day and then 750 / day, including salary.

Tags: OlaCabsstartup newsSUCCESS STORY
ShareTweetShare
Previous Post

To Assist the IPO-Bound Startups, IIFL Launches Rs. 1,500 Crores of Funding

Next Post

BYJU’s Becomes The Second-Highest Valued Indian Startup After $460 mn Fundraises

SI Teams

SI Teams

Related Posts

jivitha
Startup Stories

Startup Story of Jivitha

April 29, 2022
BHAGVANTA SINGH
Startup Stories

Story of India’s Emerging Travel Company : Bhartiya Airways

April 13, 2022
Phil Knight
Startup Stories

The Success Story of Nike Founder: Phil Knight

April 13, 2022
Narayana Murthy
Startup Stories

The Story Behind Infosys Founder: Narayana Murthy

April 13, 2022
zomato
Startup Stories

The Story of Food Delivery App : Zomato

April 13, 2022
KFC Founder
Startup Stories

Age Has No Bar : The KFC Founder,Colonel Sanders Proved it

April 12, 2022
Next Post
BYJU

BYJU's Becomes The Second-Highest Valued Indian Startup After $460 mn Fundraises

amazon

Amazon Vs. Ambani: The Retail War Between Amazon and Mukesh Ambani

Perpule

Perpule, An India-Based Startup, Acquired by Amazon

Subscribe For More Update

ADVERTISEMENT
  • banksathi

    Despite Covid-19 challenges, Banksathi founders committed to their Craft

    1 shares
    Share 0 Tweet 0
  • Unique Hobbies Based Startup HOBBYHUB

    1 shares
    Share 0 Tweet 0
  • Amazon All Set To Enter India’s Food Delivery Market

    1 shares
    Share 0 Tweet 0
  • Swiggy Startup Success Story – In-Depth Analysis

    1 shares
    Share 0 Tweet 0
  • Tim Cook Confirms: First Apple Retail Store To Be Opened By 2021

    1 shares
    Share 0 Tweet 0
PU college

How to choose a good PU college for yourself

May 15, 2022
Deepika Padukone

Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton

May 12, 2022
Shopflo

Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round

May 12, 2022
startup insider

Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the people who visit this website.

Mail : media@startupinsider.in

Phone : 91-9034408083

Categories

  • Auto
  • Blog
  • ceo Story
  • Crypto
  • Funding News
  • Interviews
  • News & Updates
  • Press Release
  • Profile
  • Startup Stories


img

Recent

  • How to choose a good PU college for yourself
  • Deepika Padukone Becomes First Indian Face to be House Ambassador for Louis Vuitton
  • Shopflo, a SaaS startup for D2C brands, raises $2.6M in a Seed round
  • About Us
  • Contact Us
  • Submit Your Story or Interview
  • Advertise with Us
  • Career
  • Privacy
  • Terms of Use
  • Write For us

© 2020 Startup Insider

No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Press Release
  • Blog
  • Submit Your Story or Interview

© 2020 Startup Insider