The development comes close on the heels of Ola's Chief Financial Officer Swayam Saurabh and Chief Operating Officer Gaurav Porwal also leaving the company. These exits come ahead of Ola's planned initial public offering (IPO).
Ola did not respond to emailed inquiries about Chowdhury's resignation or the company's recent spate of senior-level exits. In October, Ola had also restructured the organisation and expanded roles like Vinay Bhopatkar, the CEO of Ola Delivery business, was given additional responsibilities of the driver and supply ecosystem of the mobility business and Ola Chief Marketing Officer Anshul Khandelwal was given additional responsibility to drive revenue as well.
Ola is said to be working towards launching a $1-1.5 billion IPO. The company is expected to file the DRHP in the December quarter and is working with select banks, including Citigroup Inc and Kotak Mahindra Bank Ltd, to manage the IPO.