According to media reports, the company has appointed him as the Chief Executive Officer (CEO) of OL Financial Services.
His appointment comes after Hemant Bakshi resigned as CEO of the ride-hailing business last month. He was in charge of the mobility business as well as key segments such as financial services, logistics and e-commerce.
According to reports, Ankush Aggarwal will be part of the senior leadership of OL Cabs.
In 2022, Ankush Aggarwal sold his startup Avail Finance to ANI Technologies (parent company of Ola) for approximately $50 million in a share swap deal. He then joined Ola Electric as Chief Business Officer (CBO).
Last month, the ride-hailing platform also announced job cuts.
Bhavish Aggarwal addressed employees in a letter about the restructuring exercise to improve profitability and prepare for future growth.
The restructuring process will reportedly affect at least 10 percent of the company's workforce.
Meanwhile, Ola announced the closure of all its existing global markets such as the UK, Australia and New Zealand amid increasing competition. It said it would focus on the Indian market as it sees "huge expansion opportunity" in the country.
His appointment comes after Hemant Bakshi resigned as CEO of the ride-hailing business last month. He was in charge of the mobility business as well as key segments such as financial services, logistics and e-commerce.
According to reports, Ankush Aggarwal will be part of the senior leadership of OL Cabs.
In 2022, Ankush Aggarwal sold his startup Avail Finance to ANI Technologies (parent company of Ola) for approximately $50 million in a share swap deal. He then joined Ola Electric as Chief Business Officer (CBO).
Last month, the ride-hailing platform also announced job cuts.
Bhavish Aggarwal addressed employees in a letter about the restructuring exercise to improve profitability and prepare for future growth.
The restructuring process will reportedly affect at least 10 percent of the company's workforce.
Meanwhile, Ola announced the closure of all its existing global markets such as the UK, Australia and New Zealand amid increasing competition. It said it would focus on the Indian market as it sees "huge expansion opportunity" in the country.
