Home >Companies >News >Two senior Ola executives Arun Srinivas and Sanjiv Saddy resign
Ola also announced then that it will have to fire 1,400 employees due to the business slowdown (MINT)
Ola also announced then that it will have to fire 1,400 employees due to the business slowdown (MINT)

Two senior Ola executives Arun Srinivas and Sanjiv Saddy resign

  • Ola’s revenues declined sharply by 95% during the lockdown in April and May, chief executive Bhavish Aggarwal revealed
  • Srinivas’ and Saddy’s exit from Ola comes at a time when the mobility and cab-hailing industry has been in turmoil ever since a nationwide lockdown began on 25 March

BENGALURU : 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.

Srinivas’ and Saddy’s exit from Ola comes at a time when the mobility and cab-hailing industry has been in turmoil ever since the nationwide lockdown began on 25 March.

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.

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