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Two top executives exit SoftBank-backed ride sharing firm Ola ahead of IPO

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ReutersStock Markets12 minutes ago (Oct 19, 2021 06:21AM ET)

© Reuters. FILE PHOTO: A policeman drinks tea in front of Ola’s office in Mumbai, India October 29, 2018. REUTERS/Francis Mascarenhas

BENGALURU (Reuters) – SoftBank-backed Indian ride-hailing firm Ola’s Chief Financial Officer Swayam Saurabh and Chief Operating Officer Gaurav Porwal are leaving the company, according to an internal memo seen by Reuters.

The departures come at a time when there have been reports on Ola’s plans to raise up to $1 billion through an initial public offering in the next few months.

The company did not immediately respond to a Reuters request for comment.

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