Rajiv Bansal, one of the most influential people in the technology space and the new CFO of Ola Cabs says, IPO is not as much the objective as being IPO-ready is.
Rajiv Bansal, one of the most influential people in the technology space and the new CFO of Ola Cabs says, he wants to use his expertise to get the taxi aggregator’s initial public offer (IPO) ready.
However, he says that IPO is not as much the objective as being IPO-ready is.
Bansal, who is no stranger to managing massive accounts and a lot of capital, an experience he's gathered from his stint at Infosys, envisions Ola growing bigger than Infosys.
It is all about balancing both growth and profitability, he says, when asked how much money the company is currently burning to set up and grow the business.
Below is the verbatim transcript of the interview.
We have an opportunity to create a company like Infosys, an iconic company like Infosys again and I would want it to be bigger than Infosys though there cannot be another company like Infosys to be honest.
No business can go on forever just burning cash. So, we have to find a path to profitability and that has to be done at the right time, at the right juncture of our strategy. Right now it is all about growth.
It is not about what amount of money we are burning every month. It is about do we believe we are burning for the right purpose.
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