Two senior executives of Indian cab aggregator Ola resign

Ola Cabs. Photo: Mint

Two top executives of cab aggregator Ola, Arun Srinivas and Sanjiv Saddy, have resigned, the company said on Friday.

“Arun Srinivas, chief sales and marketing officer, and Sanjiv Saddy, senior vice-president, corporate affairs, are moving on to pursue other opportunities. The organization wishes them well in their future endeavours,” said an Ola spokesperson.

Srinivas, who was appointed as Ola CMO in July 2019, managed marketing, category management, sales and supply management for the cab-hailing platform both in India and abroad.

Before joining Ola, Srinivas had stints in WestBridge Capital Partners as a senior advisor and at Unilever in various senior and executive roles between 2004 and 2017.

Ola’s revenues had declined by 95% during the lockdown in April and May, chief executive Bhavish Aggarwal had said in a letter to employees on 10 May. The startup had also said that it would have to lay off 1,400 employees due to business slowdown.

Last October, Nitin Gupta, head of Foodpanda’s engineering operations, had quit to join grocery startup Milkbasket. Gupta spent over six years with Ola before joining Foodpanda, which was acquired by Ola in December 2017, and was shut down in May 2019.

This article was first published on livemint.com.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.