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

  • 10/19/2021
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BENGALURU, Oct 19 (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. (Reporting by Chandini Monappa and Vishwadha Chander in Bengaluru; Editing by Shounak Dasgupta)

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