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

BENGALURU (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)