Tag: IItians

Ankit Bhati is the Co-founder and Chief Technology Officer (CTO) of Ola Cabs. He founded Ola with his companion Bhavish Aggarwal in 2010. He is also the Co-founder of ANI Technologies. Speculations arose that Ankit Bhati distanced himself from the ridesharing company last year owing to some serious conflicts between him and the founder of the company, Bhavish Aggarwal. Nonetheless, his contribution to the company is way more than such conjectures. So, let us know more about him in the article ahead.

Ankit Bhati- Biography

Ankit Bhati – Personal Life
Ankit Bhati – Education
Ankit Bhati – Professional Life
Ankit Bhati – Success Story
Ankit Bhati – ANI Technologies
Ankit Bhati – Ola
Ankit Bhati – Foodpanda Controversy
Ankit Bhati – A Fresh Start with Amnic
FAQs

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Ankit Bhati – Personal Life

Ankit Bhati was born in the year 1987 in Jodhpur, India. He currently resides in Bangalore, Karnataka, India. He is considered an introvert who spends his time coding while sitting in a corner. He likes to spend his spare time playing video games with his friends. Ankit Bhati is active on social media platforms including Twitter, Instagram, and Facebook.

During his academic career, he was not interested in extracurricular activities rather he was more interested in computers. Ankit used to spend most of his time at the computer center. Bhati was less of a guy who would hop to the basketball court in his leisure but more of one who would sit in front of a computer. Ankit also became the administrator in the computer center he mostly used to hang out. Along with diving deep into video games, Ankit also loved to build websites and worked on freelance projects to make money during his college days.

Apart from computers, he has a great interest in cycling and adventure trips that he took where he also tagged his friends along. The idea of building a trip website (Olatrips.com) was initially out of his interest in adventure trips.

“It always is about being able to simplify things,” says Ankit, which is what technology is credited with. Therefore, Bhati stayed confident with their idea of OLA cabs because that also was about simplifying the experience for the customers and the driver-partners.

Ankit Bhati – Education

In 2004, Ankit Bhati took admission to the Indian Institue of Technology, Bombay for a B.Tech in Mechanical Engineering. He knew that the only field where he can grow heights is computer programming and technology. He later got enrolled for M.Tech in CAD and automation and completed his Master’s in 2010. During his college days, he also worked on freelance projects in building websites to make money. After completing his higher studies in Mumbai, Ankit Bhati founded ANI Technologies in Bangalore, Karnataka. He is known to keep a low profile image as he is hardly seen on any event or product launches.

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Ankit Bhati – Professional Life

Ankit Bhati started working on several freelance projects in 2009. Bhati contributed to the growth of several startups like Wilcom, Make sense, QED42, and more. It was only in April 2021 that Bhati as a Venture Catalyst has funded a Noida-based Edtech startup – Qin1.

He was highly motivated to start his own company and give up on his authoritative professional life. He further moved on with Ola Cabs journey in November 2010.

Ankit Bhati is a computer programmer and contributed to the Ground Transportation industry. He has 6,231 colleagues in 633 companies situated in 59 countries. Moreover, 1,722 executive movements have been recorded in the last year.

Ankit Bhati, Co-founder and former CTO of OLA, has launched a new startup, as per reports dated January 7, 2022. The startup that goes by the name Amnic is designed to operate as a SaaS startup, co-founded by Nimish Joshi and Satya Nagarajan. Both of the co-founders were Ola executives and held the posts of VP and Head of Strategy and Business Development, and VP and Head of Software Engineering and AI respectively. Amnic will be reportedly operating in the DevOps toolchain space.

Ankit Bhati – Success Story

Ankit Bhati struggled in his old apartment near IIT Bombay, inspecting his intellect to code the Ola website. He vividly recalled those days when he used to save money from his pocket to visit a cyber cafe. He used to spend his time in chat rooms to discover the world of the internet.

When Ankit joined IIT Bombay, he spent most of his time at the computer center. Technology has changed a lot today and he thrives to deal with the challenges on daily basis. His 10 long years of experience has led him to encounter many technical glitches, though he manages to strive the team on. He eventually got to know the importance of data that helped him combat the technical glitches and driver partners for Ola.

Ankit Bhati – ANI Technologies

Ankit Bhati is the co-founder of ANI Technologies. He founded the company with his college senior Bhavish Agarwal in 2010. ANI Technologies Private Limited is an online transportation company. It offers cab booking, riding, and renting services. Ola Cabs is the portal of ANI Technologies and it serves customers worldwide.

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Ankit Bhati – Ola

Ola was launched on 3 December 2010 by Bhavish Aggarwal and Ankit Bhati as the Founder and Co-founder of the ride-sharing company respectively. Initially, Ola was launched to offer holiday packages and weekend trips on Olatrips.com. The business merely changed to, what we today know as Ola Cabs.

Ankit Bhati was responsible to handle the technical facets of Ola Cabs to assure a swift, convenient and spontaneous experience for the customers and partners. Ankit Bhati had mentioned that his mornings in Ola used to start with understanding data. This ritualistically started every day with his gaining insights into the rides that OLA offered and which of them gained the most traction. Furthermore, he also looked into the needs of the customers, the ratings of the drivers, figuring out the quickest routes for drivers, calculating the time taken by drivers to reach a yonder point, whether a passenger would be willing to share rides, and for how long he would wait for the same and much more. Absorbed in all these complexities, Bhati decided to pave way for OLA.  

Ola Cabs is one of the fastest-growing startups in India. The tech team of the company today holds over 1,000 people.

Ankit Bhati – Foodpanda Controversy

In 2017, Ola Cabs acquired food delivery start-up Foodpanda to rival Uber Eats. Some serious conflicts arose among Bhavish and Ankit when Ankit agreed to the contract of delivering food through Foodpanda via Ola Cabs. It has also been pointed out that Bhavish had issues regarding the food delivery matter through Ola Cabs.

Speculations arose again when Bhavish restricted Ankit in Ola Electric. Ankit was only a small part of it through ANI Technologies. Ola Electric is Bhavish’s project to build a network of electric charging stations across the country. Bhavish bought 92.5 % of the Ola Electric. This is when Ankit decided to distance himself from the company. However, the distancing and the split of the OLA co-founders, as far as the rumor goes, are nothing but baseless rumors, as announced by Bhavish Aggarwal in his latest statement. The OLA co-founder said, “It’s a shame that baseless rumour-mongering and speculation is being fanned,” while denying the Moneycontrol report.

Ankit Bhati currently holds 7,62,385 shares in Ola’s India operations, which sums to around 25% stakes in the company. Furthermore, Bhati also holds 1,66,185 shares, which amounts to 6% stakes in the US operations of OLA.

Ankit Bhati – A Fresh Start with Amnic

While looking at the professional front, Ankit Bhati had last been associated with Ola Play. However, Ankit had taken what seemed like quite an exit from the day-to-day operations of the firm since the end of 2017. No official statements nor any notice was out on Ankit Bhati’s exiting the company and as we have mentioned Bhati still holds a considerable amount of shares.

Ankit Bhati simply took a break and it is now clear what he was doing in the meanwhile. Yes, we are talking about the new startup Amnic that Ankit Bhati co-founded along with two other Ola execs – Nimish Joshi and Satya Nagarajan. Amnic Technologies will be focusing on the Saas segment in DevOps toolchain space, goes the reports published on 8th January 2022. Furthermore, the report also mentioned that Amnic would be raising $15 Mn- $20 Mn from Sequoia Capital as part of its seed round. Zauba Corp already has this company listed since June 3, 2021, which is “involved in other computer-related activities”, such as maintenance of other company’s websites and creating multimedia presentations. However, confirmation is still pending from the alleged co-founders of Amnic. Their social profiles also refrain from mentioning any updates of the same.  

FAQs

Who is Ankit Bhati?

Ankit Bhati is Co-founder at Ola since September 2010.

Where was Ankit Bhati born?

Ankit Bhati was born in 1987 in Jodhpur, a city in Rajasthan, India.

What is Ankit Bhati education?

Ankit Bhati has done B.Tech in Mechanical engineering and M.Tech in CAD & Automation from IIT, Bombay.

What is Ankit Bhati net worth?

Ankit Bhati has a net worth of around INR 1400 crores, when last reported in September 2019.