Ola founder Bhavish Aggarwal has recently given Ankush Aggarwal a big position in the company. He has appointed Ankush Aggarwal as the Chief Executive Officer of Ola Financial Services.
Ola founder Bhavish Aggarwal has recently given Ankush Aggarwal a big position in the company. He has appointed Ankush Aggarwal as the Chief Executive Officer of Ola Financial Services. Some time back, Hemant Bakshi had resigned from the post of CEO of Ola Cabs, after which this big appointment has been made. According to reports, Ankush Aggarwal will be a part of the senior leadership of Ola Cabs.
Who is Ankush Aggarwal?
Ankush Aggarwal is none other than Bhavish Aggarwal’s brother. Ankush has graduated in Computer Science from the University of Illinois. In the year 2022, Ankush sold his startup Avail Finance to ANI Technologies, which is the parent company of Ola. He had sold his startup for $50 million i.e. about Rs 415 crore under a share swap deal. After this he joined Ola Electric, where he got the role of Chief Business Officer.
He started Avail Finance in 2017. He had successfully raised funding of about 30 million dollars i.e. about Rs 250 crore. Avail Finance is India’s first neo-bank, which provides financial services to blue collar workers. Ankush joined Ola in 2012. Then he joined the company as a software engineer in Bengaluru. He was part of a programming team of 4 people that created an Android app to allow users to book cabs from mobile phones.
Business closed in many countries, focus on India
Ola had recently decided to wind down its operations in Britain, Australia and New Zealand. Ola Mobility spokesperson had said- ‘Our operations are growing rapidly and we remain profitable in India and a leader in the sector. The future is electric not only in personal transportation but also in the online taxi booking business. Also, there are a lot of opportunities for expansion in India. Let us tell you that the company is also planning to bring IPO of Ola Electric.
