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A series of short rides: Top-level exits continue as Ola rewires business

Arun Srinivas is the third COO to quit in two years. While Ola has had a high degree of churn at the top, the pandemic has exacerbated that problem.
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manuptoms
13 Jul 2020 4 Mins Read 0 comment
Arun Srinivas, who quit Ola recently; image credit: Ola
Arun Srinivas, who quit Ola recently; image credit: Ola
The exit of Arun Srinivas, the latest CXO to quit ride-hailing market leader valued at USD6 billion, highlights Ola’s instability at the senior-leadership level and the characteristically short stints of corporate veterans whom CEO Bhavish Aggarwal ropes in for key positions. Srinivas’s brief stay at Ola is reminiscent of one of his predecessor Vishal Kaul’s stint. Srinivas,
However, the failure to build stable non-cab revenue streams, albeit continued attempts, is hurting Ola more than ever in the face of the pandemic. It would have been a different story if a steady leadership could have pulled off diverse businesses such as food delivery, grocery service, and various financial products that Ola has attempted over the years.
The exit of Arun Srinivas, the latest CXO to quit ride-hailing market leader valued at USD6 billion, highlights Ola’s instability at the senior-leadership level and the characteristically short stints of corporate veterans whom CEO Bhavish Aggarwal ropes in for key positions. Srinivas’s brief stay at Ola is reminiscent of one of his predecessor Vishal Kaul’s stint. Srinivas, However, the failure to build stable non-cab revenue streams, albeit continued attempts, is hurting Ola more than ever in the face of the pandemic. It would have been a different story if a steady leadership could have pulled off diverse businesses such as food delivery, grocery service, and various financial products that Ola has attempted over the years.

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