TaxiForSure CEO quits

TaxiForSure CEO Arvind Singhal has resigned at the face of a reshuffling in the company. This comes just four months after the company was acquired for $200 million (about Rs 1,280 crore) by Ola Cabs.

Pallav Singh has been appointed as the new CEO, and Singhal would continue in a n advisory role for the next three months to ensure a smooth transition.

TaxiForSure has seen a mass evacuation of top company executives including co-founders Aprameya Radhakrishna and Raghunandan G, CFO Ganesh Venkataraman, CTO Amitava Ghosh, HR head Hari TN, CMO Randeep Singh and Product head Nitin Pulyani. At least 50 other mid-level executives have also quit from the company headquarters in Bengaluru.

(Image credit: Indiatimes)