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Ola ropes in another former Flipkart executive Saikiran Krishnamurthy as SVP

After roping in Flipkart’s Harish Abhichandani and Ganesh Subramanian last month, Ola has now appointed another former Flipkart executive Saikiran Krishnamurthy as senior vice president (SVP). An Ola spokesperson confirmed the appointments to MediaNama.

The move was first reported by The Times of India, in which it said that Krishnamurthy will drive the company growth. Krishnamurthy worked for less than two years at Flipkart. He had joined Flipkart as COO, Commerce Division in March 2015, and then he reportedly left the company in January this year, along with two other senior executives.

Before Flipkart, Krishnamurthy served as a director at McKinsey, and led Chemicals and Agriculture Practice along with Operations Practice and McKinsey Implementation in India. Krishnamurthy is an alumnus of IIM-A and has worked with McKinsey for over 15 years.

Top Management at Ola

Ola has been strengthening its management team after it saw an exodus of executives earlier.

  • Last month, it had filled its long time vacant positions of CFO and HR head with Harish Abhichandani and Ganesh Subramanian, respectively.
  • Its marketing lead Raghuvesh Sarup, and Chief Operating Officer for offline initiatives Anuj Bhargava had quit during February this year.
  • Ola’s Chief Operating Officer Pranay Jivrajka was replaced by PepsiCo’s Vishal Kaul and was elevated to founding partner.
  • Earlier, Abhimanyu Rawal, the senior manager of Ola’s luxury business had left the company in January this year.

Funding Spree

Note that this appointment is Ola’s third appointment in two month. It has been organising its top executives team after raising series of funding this year.

In August, Ola raised US $36 million (Rs 231 crore) from New York’s Tekne Capital Management, according to documents filed with the Registrar of Companies (RoC). Before that in June, it raised $50 million from Tekne. In May, it secured Rs 670 crore from Ratan Tata’s venture fund RNT Capital Advisers LLP and US hedge fund Falcon Edge Capital LP, and a month before that it bagged $250 million from Japan’s SoftBank Group Corp.

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