Ahead of IPO, Ola Cabs CFO Hemant Bakshi quits firm days after CEO’s exit
Hemant Bakshi, CEO of Ola Cabs, has stepped down from his position barely four months after joining.
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Ola Cabs to file IPO papers with SEBI within three months: Report
Indian cab service provider Ola Cabs is said to launch its Initial Public Offering (IPO) as soon as June-July, news agency Reuters reported today, quoting sources.
Ola Cabs starts laying-off employees; issues pink slips to 200 people
In part of it's own "restructuring process," the corporation has sent pink slips to 200 individuals across IT, engineering, and product departments.
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.”
Ola Cabs’ geo-analytics start-up GeoSpoc aims to improve geospatial services
The acquirement will support platforms like Ola and Ola Electric to produce improvements in transforming satellite representation into real-time maps and 3D, high-definition (HD), and vector maps.
IPO bound Ola raises $500 million from Temasek and Warburg
The fundraising comes at a time when Ola's business has been struggling due to the COVID-19 pandemic which has had an adverse effect on the mobility sector.
Arun Srinivas & Sanjiv Saddy, 2 Top Level Officers quit Ola
Arun Srinivas & Sanjiv Saddy are 2 top level officers that have quit Ola. Couple of high level officers ended their journey with Ola this week as they look forward to other opportunities.