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 Softbank,” 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, IndusInd Bank, among others while at Norwest.

SoftBank, which first backed Ola in 2014, is Ola's largest investor with around 25% stake, followed by Tiger Global which owns close to 15%.

The Bengaluru-based company's relationship with SoftBank has been fraught with ups and downs especially in the backdrop of merger talks between the homegrown transportation platform and Uber. Those discussions are now off the table.

Aside from SoftBank, Ola has been raising a bunch of capital from new investors. Earlier this month, the Bhavish Aggarwal-led firm announced it has raised $300 million from Hyundai Motors and Kia Motors as it looks to collaborate with the South Korean auto majors to build India-specific mobility solutions. It’s Electric Mobility arm also separately raised Rs 400 crore from Matrix Partners India and Tiger Global, among other investors.