The company has seen many high profile exits since January
Ola is reportedly transferring employees to Foodpanda
Ola is currently raising funds for its Series J round
Facing stiff competition in the food delivery segment, Ola and its foodtech vertical, Foodpanda are heading for a major executive reshuffle, with the exit of two senior executives according to a report in Business Standard.
This comes at a time when the US-based Uber, Ola’s biggest rival, is about to go public. Uber mentioned in its IPO prospectus that its food delivery vertical, Uber Eats faces competition from Zomato and Swiggy in India but did not mention Ola’s Foodpanda.