SoftBank India head Juneja on Ola board

BENGALURU: SoftBank’s India head Sumer Juneja will join ride-hailing platform Ola’s board, replacing David Thevenon, the company confirmed in a statement.

“We extend a warm welcome to Sumer Juneja who is joining Ola’s board to represent SoftBank. Sumer’s experience in the India market is extremely valuable to us and we look forward to working closely with him and Soft-Bank,” a company spokesperson said.

Juneja had joined SoftBank from Norwest Venture Partners late last year as the group’s first India head and a partner at the Japanese group. He had led investments in Swiggy, Quikr, National Stock Exchange and IndusInd Bank, among others, while at Norwest. SoftBank is Ola’s largest investor with around 25% stake.