Experience-hailing app Ola’s Basic Counsel Sandeep Chowdhury has resigned after a nine-month stint with the corporate, in accordance with sources.
The event comes shut on the heels of Ola’s Chief Monetary Officer Swayam Saurabh and Chief Working Officer Gaurav Porwal additionally leaving the corporate. These exits come forward of Ola’s plans to go in for an preliminary public providing (IPO).
Chowdhury, who had joined Ola from Nuvoco Vistas Corp Ltd, has stop after a nine-month stint at Ola, in accordance with sources.
Ola didn’t reply to emailed queries in search of response on Chowdhury’s resignation and the spate of senior-level exits being seen on the firm.
As per Chowdhury’s LinkedIn profile, he has additionally labored with corporations together with UPL, Hindustan Coca Cola Drinks, Baxter India and Bharti Walmart.
In October, Ola had additionally restructured the organisation and expanded roles for a few of its high leaders.
Vinay Bhopatkar, the CEO of Ola Supply enterprise, was given further tasks of the driving force and provide ecosystem of the mobility enterprise. Ola Chief Advertising and marketing Officer Anshul Khandelwal was given further accountability to drive income as nicely.
Ola is claimed to be working in the direction of launching a USD 1-1.5 billion ( ?7,324-10,985 crore) IPO. The corporate is anticipated to file the DRHP (draft crimson herring prospectus) within the December quarter and is working with choose banks, together with Citigroup Inc and Kotak Mahindra Financial institution Ltd, to handle the IPO.
The corporate, nevertheless, has not formally commented on the timeline but.