Entrackr-Startup News India

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• Ola News

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Ola News - COO Arun Srinivas And Senior VP Sanjiv
Saddy Quits From Ola

• Arun Srinivas, COO and global chief marketing
  officer, and Sanjiv Saddy, senior vp at Ola, have
  put in their papers, as per Ola News. The duo
  joins the list of the many key executives who
  left the ride-hailing firm within the past 8-10
  months. Early this year, Naroo Krishnan, head of
  products at Ola Mobility and Sanjay Kharb, vice
  chairman for engineering at Ola, moved from the
  corporate. Recently, Ola Financial Services chief
  executive Nitin Gupta also resigned.
• Confirming the event to Startup News India, one
  in all the Ola spokesperson said, Arun Srinivas,
  Chief Sales Marketing Officer and Sanjiv Saddy,
  SVP- Corporate Affairs, are moving on to pursue
  other opportunities outside of Ola.
• Srinivas resignation came as a surprise as he
  had joined the corporate as COO in June 2019 to
  move the Indian business and lead the marketing,
  revenue, and every one mobility categories
  globally for the corporate. He left the advisory
  role at WestBridge Capital to affix Ola, as
  confirmed by Ola news.

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Startup News India
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Startup Funding News

• Saddys stint at Ola continued just for eight
  months. He was a former Flipkarts executive and
  joined the SoftBank-backed firm in December to
  drive relationships with key authorities
  including government agencies. Previously, he
  also served Tata Communications and Emaar MGF
  Land among others. According to Ola News,
  Resignation of two key executives has come at a
  time when, Ola has been grappling with raking in
  demands post Covid-19 induced lockdown. per
  industry estimates, Ola has hardly gained 20-25
  of its peak volume. To cope up with the impact of
  a scourge, it laid off 1400 employees or around
  35 of its total workforce in May.
• To work up its electric scooter play, the
  Bengaluru-based firm recently acquired
  Amsterdam-based electric scooter manufacturer
  Etergo. the corporate had also allotted over 500
  crore worth new shares to its co-founders Bhavish
  Aggarwal and Ankit Bhati. Startup News India had
  exclusively reported.
• For more updates on Ola News and Startup News
  India, SUBSCRIBE to Entrackr!

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