According to a statement released on Tuesday,
- PV Harinarayan has joined as vice president (lending) at Ola Financial Services
- V Ramesh has joined as head (operations) at Ola Futurefactory
- Priteesh Mahajan has been named head of product planning at Ola Electric
The ride-hailing firm has also stepped up hiring across levels to “build a deep bench strength of talent and leadership pipeline”, the statement read.
“We’re ushering in the era of new mobility and continue to attract the best talent from around the world to build it out at scale,” said Bhavish Aggarwal, founder and chief executive officer of Ola’s parent ANI Technologies. “I look forward to collaborating with them to accelerate the world’s transition to sustainable mobility.”
To be sure, the Ola Group
has witnessed a continued churn in its upper echelons over the past few months. First, its Chief Financial Officer Swayam Saurabh left, followed by Chief Operating Officer Gaurav Porwal and now General Counsel Sandeep Chowdhury.
The Bengaluru-based mobility startup has also made some appointments, including that of Ola Cars CEO Arun Sirdeshmukh and Vinay Bhopatkar, head of the delivery business.
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In October, Ola restructured the organisation and expanded roles of some of its top leaders.
IPO Plans
Ola
is finalising a pre-IPO financing round — likely to be led by IIFL Wealth Management and Edelweiss Private Equity — that would increase the electric scooter maker’s valuation to as much as $7 billion, three people close to the development told ETtech. The IPO
is likely to hit the Indian stock exchange early next year.
“The company (Ola) is likely to raise a mix of primary and secondary capital ahead of the filing of its IPO draft documents with the markets regulator,” said one of the persons with direct knowledge of the plans. The company may raise half the capital through a primary issuance in its IPO while the rest will be via an offer for sale by early backers, said another person in the know of the matter.
Investment banks Morgan Stanley, Goldman Sachs, Kotak Mahindra Capital, Citigroup and JPMorgan are helping Ola with the listing process.
With inputs from PTI.
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