Prior to joining Ola Cabs, Gupta held the position of vice president and regional CFO of Asia Pacific, Middle East and Africa at Procter & Gamble for over 17 years. The departure comes just two weeks after Ola Cabs’ CEO Hemant Bakshi stepped down from his role, within four months of joining the firm. It was also reported earlier that co-founder Bhavish Aggarwal’s brother Ankush Aggarwal has returned to Ola Cabs as part of its CXO team following a brief stint at Ola Electric. Media reports suggest Ola Cabs plans to file its draft red herring prospectus (DRHP) with markets regulator SEBI within three months. Ola Cabs parent ANI Technologies trimmed its consolidated net loss by almost half to INR 772.2 Cr in the fiscal year ended March 2023 (FY23), as compared to INR 1,522.3 Cr a year ago.

Source: Hindustan Times May 16, 2024 18:15 UTC