Ola's founding partner Pranay Jivrajka quits, may launch his own startup

Pranay Jivrajka was CEO of Ola Foods and an early employee of the ride-hailing firm

Pranay Jivrajka, a founding partner of Ola, has quit the ride-hailing company and may launch his own startup, multiple sources told Business Standard on Tuesday.

Jivrajka, who is in his early thirties, is leaving when Ola has new growth plans, including setting up a Rs 2,400-crore electric vehicle facility expected to become the world’s largest two-wheeler factory. Ola’s ride-hailing business is recovering after the coronavirus pandemic’s hurt and demand for its food business and financial services improves.

Under Jivrajka’s leadership as chief executive officer (CEO) of Ola Foods, the firm’s new business grew in the coronavirus pandemic. The recovery came