Paytm has hired several senior leaders over the past few weeks to prepare for its next phase of expansion while Ola Electric has added Jaime Ardila to its board of directors.
Paytm poaches senior leaders from Google, Goldman
India’s top digital payments firm Paytm has hired several senior leaders over the past few weeks in preparation for its next phase of expansion, Business Standart reported.
These key hires have been poached from top companies such as Google and Goldman Sachs. Paytm hired two former Google executives – Praveen Sharma as senior vice-president (ad business) and Ankit Sinha as vice-president of Paytm AI Cloud.
Meanwhile, Goldman Sachs alum Amit Nayyar was recently named a president of the company. In his new role, he will work on strengthening Paytm’s footprint in lending, insurance, wealth management, and broking businesses.
These appointments follow several senior exits. Most recently, a senior vice president, Nitin Misra, is said to have resigned from the company, joining a list of top-level employees that have departed from the SoftBank-backed company.
Misra followed another SVP, Deepak Abbot, who tendered his resignation last month.
Paytm founder and CEO Vijay Shekhar Sharma recently said that the company will start preparations for an initial public offering in the next 22-24 months.
Ola Electric appoints former General Motors exec to its board
Ola Electric, Bengaluru-based ride-hailing unicorn Ola’s electric vehicle arm, has added Jaime Ardila to its board.
Before joining Ola Electric, Ardila spent 30 years at General Motors where he held multiple leadership roles across the globe.
Currently, he is the chairman on the board of Goldman Sachs, member of the board for Accenture and Nexa Resources, and is the Founder of Hawksbill Group, a diversified business and communications consulting firm.
“I am very excited to welcome Jaime Ardila to the board of Ola Electric. Jaime is a visionary, who has been at the helm of the automobile evolution across several countries in the world,” Bhavish Aggarwal, Co-founder and CEO, Ola, said in a press statement.
“As we build new and more sustainable modes of mobility, Jaime’s deep industry expertise and global experience will be an invaluable addition,” he added.
In July, the electric vehicle arm of Ola secured funding of about $250 million (Rs 1,725 crore) from SoftBank Vision Fund, dispelling speculations the ride-hailing firm was trying to avoid raising additional financing from the Japanese investor.
The latest funding is expected to have made Ola Electric a unicorn, or a startup valued at more than $1 billion.