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Former CEO Vodafone Arun Sarin is new independent director at Ola

SoftBank-backed Ola has strengthened its position after
landing the support of two of India’s influential business
figures. 
The
company, which recently
welcomed an undisclosed investment from Chairman

SoftBank-backed Ola has strengthened its position after
landing the support of two of India’s influential business
figures. 
The
company, which recently
welcomed an undisclosed investment from Chairman
Emeritus of Tata Sons Ratan Tata, today
revealed that Arun
Sarin, formerly CEO of Vodafone Plc, is its new independent director.
 

The
backing of Tata, who has increased his presence in India’s startup scene
through investments in Xiaomi, Alibaba-backed Paytm, and other companies, is a
“huge endorsement” for Ola, according to co-founder and CEO Bhavish
Aggarwal.

“We
look forward to learning from Mr. Tata’s experience that will help us build a
world class organization from India,” Aggarwal commented.

Sarin’s
involvement will see him advise on overall business strategy. Previously head
of Vodafone for five years, the 60-year-old said he plans to help Ola become
“one of India’s largest businesses”.

“Ola
is creating immense value in the transportation and mobility space in
India. The company has scaled rapidly to benefit customers and partners
using technology and innovative business models,” he added in a statement.

Rival Uber recently pushed its expansion plans in India up a few gears. The U.S. firm just moved into seven new ‘tier-two’ cities to take it to 18 locations in total across India — which is now its second largest market behind only the U.S. — while it just announced plans for a $50 million support center in Hyderabad, where it is working in partnership with authorities to develop new regulations for ride-sharing services.

 

 

 

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