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BENGALURU : ANI Technologies Ltd, the parent of mobility platform Ola Cabs, has decided to restructure the roles of its key leaders, chief executive officer (CEO) and co-founder Bhavish Aggarwal told employees in an internal memo on Tuesday afternoon.

This comes on the back of two of Ola’s senior executives putting in their papers.

Ola’s chief financial officer Swayam Saurabh will leave in mid-December, while Ola’s chief operating officer Gaurav Porwal has also resigned, according to the internal memo, a copy of which Mint has reviewed.

As part of the restructuring, Anshul Khandelwal, who was appointed as Ola’s chief marketing officer in March, will take on the additional responsibility of driving consumer revenue for Ola Cabs, according to the memo.

Further, to drive better synergies, Ola’s group chief financial officer G.R. Arun Kumar, who had joined the company earlier this year, will oversee the finance function across all group companies, with all key finance leaders at Ola now reporting directly to him.

Vinay Bhopatkar, who was responsible for the deliveries business of Ola, which includes food tech and new ambitions such as groceries and hyperlocal, will assume additional responsibility for the driver and supply ecosystem of the mobility business, Ola Cabs.

Ola has seen some high-profile exits in the past two years. Earlier this year, its founding partner Pranay Jivrajka left to work on his new startup. Last year, Ola Electric co-founder Ankit Jain, Ola’s chief business officer Sanjay Bhan and Ola financial services CEO Nitin Gupta quit the company.

Ola, which had shut down its grocery arm, Ola Store, in March 2016, plans to re-enter the online groceries and hyperlocal business in the coming months, as the company looks to scale up its fight for market share against foodtech giant Swiggy and hyperlocal task platform Dunzo.

It is expected to announce plans around these newer lines of business in the coming months, two people told Mint on condition of anonymity.

“Over the last year, we have made our mobility business much more robust and structurally efficient, enabling strong and a rapid return to pre-covid levels. Our vehicle commerce business, Ola Cars, has scaled up rapidly to become a large operation, and our delivery and financial services businesses are at key inflection points. As we look forward to Ola’s next phase of growth, we are making some key updates to our organization that will enable us to capture the opportunities that lie ahead," Aggarwal said.

Ola Group consists of the ride-hailing business Ola Cabs, its recently launched used-car buying and selling platform, Ola Cars, its payments, insurance and lending business under Ola Financial Services and its food and food delivery business Ola Foods, all of which are owned by ANI Technologies.

Aggarwal is also an investor in the electric vehicle manufacturing company, Ola Electric, along with SoftBank and others.

“Ola has diversified into new businesses in recent years and is undertaking restructuring to drive further synergies between its mobility and new lines of business. Through expanding the roles of leaders, it looks to better structure the organization," said one of the persons mentioned above who was aware of the discussions.

The restructuring comes at a time Ola aims to file its draft prospectus to raise between $1.5 billion and $2 billion through its public listing on the domestic exchanges next year, Mint reported earlier.

The company is targeting a valuation of almost $18 billion through the domestic listing.

In July, Temasek Holdings and Warburg Pincus invested $500 million in ANI Technologies Pvt. Ltd. Aggarwal also participated in the round.

Aggarwal currently owns a 7.9% stake in the 11-year-old company, according to researcher Tracxn.

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