Arun Sirdeshmukh, CEO of Ola Cars, has resigned, according to multiple people familiar with the situation. Sirdeshmukh’s departure comes shortly after the company’s chief financial officer (CFO), GR Arun Kumar, assumed a broader role in the ride-hailing company.
Ola confirmed the news to ET. “Our group CFO Arun Kumar GR now has an expanded role managing day-to-day operations,” an Ola spokesperson explained via email. This includes being in charge of the Go-to-Market (GTM) function. GTM’s CEO, Arun Sirdeshmukh, is leaving, according to Ola.
“As part of his expanded role, both of Sirdeshmukh’s roles (GTM and Ola Cars) will now be under Arun Kumar GR,” the company said.
Sirdeshmukh was previously in charge of Ola Electric’s go-to-market strategy before taking over as CEO of Ola’s used car business.
Sirdeshmukh previously led Amazon’s fashion business before joining Ola.
His departure comes as Ola struggles to diversify beyond the ride-hailing business. Ride-hailing still accounts for more than 90% of the company’s revenue. Ola Cars, along with cloud-kitchen business Ola Foods, quick commerce business Ola Dash, and fintech business Ola Money, are Ola’s attempts to position itself as a super app ahead of an IPO.