Ola’s COO Gaurav Porwal and CFO Swayam Saurabh set to leave the company ahead of IPO launch: Report

CEO Bhavish Aggarwal stated that Swayam Saurabh will be departing from the company to seek other opportunities in mid-December. While Gaurav Porwal will be moving on from his position to “pursue other interests.”

SoftBank-owned ridesharing company Ola cabs will see two of its apex executives departing the firm according to an internal memo, Reuters reported.

As per the memo, Ola Cab’s Chief Operating Officer Gaurav Porwal and Chief Financial Officer Swayam Saurabh will be giving up their positions and leaving the company ahead of its planned Rs.7,500 crore initial public offering (IPO) in the next few months. 

The memo addressed to company employees by Ola’s Chief Executive Officer Bhavish Aggarwal also disclosed several changes in the organisation’s management across its mobility, vehicle commerce, and delivery and financial service segments. 

“Vinay, who is building our Deliveries business will take on the additional responsibilities for the driver and supply ecosystem of our mobility platform due to the strong synergies between these businesses. Anshul, who leads marketing will take on the additional responsibility to drive revenue as well,” the CEO wrote noted in the memo. 

He also stated that Swayam Saurabh will be departing from the company to seek other opportunities in mid-December. While Gaurav Porwal will be moving on from his position to “pursue other interests.”

This announcement marks just a few of many incidents on which several high position executives in Ola Cabs have left the company over the last year. Ola’s co-founder Pranay Jivrajka, Ola Electric’s co-founders Ankit Jain and Anand Shah are among the names who have moved on from the company in the recent past.  

Meanwhile, Nitin Gupta, who operated as the CEO of Ola Financial Services, resigned last year and Ola’s Chief Business Officer Sanjay Bhan also left the organisation in less than a year.

 

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