On 28th march, Ola CEO Bhavish Aggarwal, have arrived in Hyderabad to Pilot electric vehicles in collaboration with the government of Telangana and Softbank. He also visited T-hub and took part in the panel discussion with Jayesh Ranjan, IT...
On 28th march, Ola CEO Bhavish Aggarwal, have arrived in Hyderabad to Pilot electric vehicles in collaboration with the government of Telangana and Softbank. He also visited T-hub and took part in the panel discussion with Jayesh Ranjan, IT secretary of Telangana and Jay Krishnan, CEO of T-hub.
How’s your experience at T-hub?
This is my first visit to T-hub, I’m really amazed. I’ve been to many business accelerators before, but haven’t seen anything like this. The level of infrastructure and facilities provided here is very high. The government is also very supportive. I wish I had something like T-hub when I started Ola. I would’ve saved 2-3 years of growth.
When Jay Krishnan asked, “Do you have both Ola and Uber apps on your phone or it is just Ola?”
Bhavish Aggarwal: I’m a smart entrepreneur I believe in competitive shopping. Me and my wife, we don’t own a car and we mostly use Ola. Also, we use Uber too, just to learn what different are they doing. And I almost always confirm we are doing better.
Recently Uber ops merged with Didi, and Didi now investing in Ola. How do you address your board meetings knowing that they are existing stake holders and also competitors at the same time?
Bhavish Aggarwal: I like to call our industry as game of thrones. They are so many inter twisted conflicts of interest in this industry. Innovation is parallel in our industry. We are at the same place at the technology development as Uber or Didi is anywhere else in the world. Because of that parallelisation and free availability of capital, there are these inter conflicts. Good thing is Didi is not on our board. It is a very small investor. We ensure good corporate governance if there is ever a conflict.
How to track and improve as an entrepreneur?
It is an incremental process, every day you have to put those extra one or two hours to compound your long term goal with present operations. You need to be objective. You need to analyse where you have to be good at, where you have to be better at and keep improvising every day.
How is Bhavish Aggarwal different as an investor and an entrepreneur?
As an investor I’ll normally backup entrepreneur. I don’t angel invest them. I feel so much excited talking to few entrepreneurs who are doing a good job. So I invest my money where my excitement is. As an entrepreneur I’m more objective, more business focused and much more ruthless.
Corporate rivalries make spectacular stories. Uber and Didi had a great fight in china.
Now in India, There is already a good rivalry between Uber and Ola, now Didi also entered the game. What do you think is going to happen in India?
What happened in china when Didi and Uber had a competition is like World War 2. Like Germany vs. Britain they fought with complete arsenal. But that can’t happen in India, India is a resource constrained country and a cost centric economy where you need to price yourself properly. In India We will have Vietnam War. We will be the local gorillas. Let the Americans carbide bomb, it won’t impact us. We will go into nukes and corners of our country and we will make profits from every single customer from every corner of the country. We will make sure we are building a much more relevant business for India.
Already Ola services has became a norm, what else is coming from Ola?
Our mission is to build mobility for every single Indian. We will build all kinds of services be it a bike taxi or a shuttle or a car or an auto rickshaws that people needed. We continue to innovate and continue to make sure that these services penetrate deeper into the country.