BHAVISH AGGARWAL OLA CABS

First of all to people who dont know, Bhavish Aggarwal and Ankit Bhati, the founders of Olacabs are two IIT Bombay graduates.

Bhavish worked for Microsoft after college for two years and then left Microsoft and started an online company to sell short duration tours and holidays online. While running that business for a couple of months, he took a car rental from Bangalore to Bandipur and had a very bad experience.

This is what happened-
The driver stopped the car in the middle of the journey and demanded a renegotiation of what Bhavish was paying. After being refused, he proceeded to abandon him en route his destination.  This is when he realized how his plight was probably similar to a lot of customers across the country who were looking for a quality cab service, but ended up with a one that stood them up, arrived and dropped them off late or did not stick to their promises, and came with drivers that were nightmares behind wheels.

For the first time, he saw the amount of potential that a cab booking service could have, and hence, he changed his business from the earlier mentioned start-up to the one we today know as – OlaCabs. This was in December 2010, where he was joined by his co-founder Ankit Bhati in his start-up journey. His parents didn’t agree with his idea in the beginning of course, like all Indian Parents won’t.   They were thoroughly displeased with his decision to become a ‘travel agent’, but when OlaCabs received its first round of funding from two angel investors, they started to believe in the change he was planning to bring.

Ola translates to 'Hello' in Spanish. probably to indicate that their services are as easy and friendly as that, just like saying a 'hello'.