Ola hires ex-Infosys honcho Rajiv Bansal as CFO

Ola, a leading mobile app provider for personal transportation, on Thursday said Rajiv Bansal will be its new chief financial officer (CFO) from January. Bansal, who resigned from software major Infosys Ltd on October 9, continues to be advisor to its chief executive Vishal Sikka till December 31.

"Bansal will be a part of our core leadership team after he joins us in January. Our current CFO, Mitesh Shah, will lead strategic finance initiatives as part of Bansal's team," Ola chief executive Bhavish Aggarwal said in a statement here.

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With a million bookings a day and 350,000 cars on its rolls, the Mumbai-based Ola operates in 102 cities across the country, offering cab services with incentives. On November 18, Ola raised $500 million (Rs.3,306 crore) to fund its expansion plans, including capacity building.

With the latest sixth round funding, the company has cumulatively raised $1.3 billion. Tiger Global, Matrix Partners, Steadview Capital, Sequoia India, Accel Partners US and Falcon Edge were among its early investors. Ola acquired Bengaluru-based cab aggregator TaxiForSure for $200 million (Rs.1,238 crore) in a cash and equity deal in March.

Source IANS