OLA CABS & ELECTRIC SCOOTER – BHAVISH AGGARWAL

B Y:

AY U S H I T H A K U R
KO M A L S I N G L A
S H R E YA N S H R AT H I
SHUBHAM SINGLA
 FOUNDERS OF

Bhavish Aggarwal Ankit Bhati

(FOUNDER) (C0-FOUNDER)
FOUNDED ON : 3rd December,2010
 ABOUT
• Bhavish Aggarwal is the founder of Ola. In the year 2008, Bhavish graduated from IIT Bombay with a B.Tech in Computer Science. He also
served 2 years in Microsoft Research in Bangalore.

• The co-founder Ankit Bhati joined Bhavish in November 2010 in this project. He deals with the technological facets as Chief Technology
Officer. He is a B.Tech. graduated from IIT Bombay in Mechanical Engineering and M. Tech. in CAD & Automation.

• They founded Ola in the year 2010 in Mumbai.

• At a very young age, they become the Youngest Billionaire of India. They were only 25 and 26 years old when they established this
company. Their brilliant ideas and struggle are now benefiting a lot of people travelling. 
 Ola Cabs is an Indian multinational ridesharing company offering services that include vehicle for hire and food delivery. The company is
based in Bengaluru, Karnataka, India.

 The name Ola was taken from the Spanish word "Hola" which says "Hello". 

 As of October 2019, Ola was valued at about US $6.5 billion. 

 In November 2014, Ola diversified to incorporate auto rickshaws on a trial basis in Bengaluru.

 Ola spun off its electric vehicles business into a separate unit called Ola Electric Mobility with US $56 million of funding capital in
February 2019.
 SWOT ANALYSIS
 STRENGTHS

First
First Mover
Mover Advantage
Advantage

Product
Product Line
Line

Technology
Technology

Strong
Strong Brand
Brand Name
Name

Low
Low Investment
Investment

Dynamic
Dynamic
 WEAKNESS

No Control Weak
Over Drivers Fake Rides Support

Dependence Market
on Internet Segment
 WEAKNESS  THREATS

Wider Market Government Regulations

Increasing Internet Penetration Customer Satisfaction

Poor Government Transport Competition