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Ola Electric’s pre-IPO rejig: Bhavish Aggarwal reconstitutes board; shuffles finance leadership

By Andrew McCollum

Animation by Muhabit ul haq

Synopsis

Former SoftBank country head Manoj Kohli, Mensa Brands founder Anant Narayan, and YourStory founder Shradha Sharma will join Ola Electric’s board in the run up to public listing, sources say. Former group CFO Harish Abhichandani returns to oversee finance Ola Electric.

Ola Electric is looking to file for IPO by the end of this month. The plan is to raise close to a billion dollars from public markets and hectic preparations are underway. Even as founder Bhavish Aggarwal and his senior leadership team are working overtime to meet their November deadline to file the draft red herring prospectus (DRHP), the electric vehicle-unicorn is witnessing some top-level reshuffle, according to four persons directly in the

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Andrew McCollum 109721 posts 0 comments