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CoinDCX elevates Mridul Gupta to founding partner

EntrackrEntrackr · 1y ago
CoinDCX elevates Mridul Gupta to founding partner
Medial

Crypto exchange CoinDCX has elevated Mridul Gupta as its founding partner. In his new role, Gupta will be responsible for meeting the company’s growth goals, focusing on international expansion, building high-performance teams, and driving profitability. According to CoinDCX, Gupta will continue to be responsible for the India market, strengthening its product portfolio, marketing, partnerships, and operations to accelerate the firm’s strategic growth in India. He joined the platform in 2021 as its chief operating officer (COO) and has been instrumental in building compliant crypto investment & trading products. Prior to CoinDCX, he was the chief strategy officer at Pine Labs. He also had a stint at Stellaris Venture Partners, Goldman Sachs, his own startup and consulted multiple banks across India & South East Asia. Recently, CoinDCX has acquired BitOasis as they are planning to enter into the Middle East and North African market. Launched in 2018 by Sumit Gupta, CoinDCX is a cryptocurrency trading platform designed to facilitate cryptocurrency transactions. The company’s platform allows customers to trade multiple cryptocurrencies legally and withdraw funds to their bank account.

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Gramophone promotes Navneet Singh Batra as co-founder

EntrackrEntrackr · 1y ago
Gramophone promotes Navneet Singh Batra as co-founder
Medial

Agritech startup Gramophone has elevated long-term company executive Navneet Singh Batra to the position of co-founder. Batra brings more than a decade of experience in FMCG and agri industries. In his new role, he will oversee strategic initiatives to boost its market presence and drive growth as well as margin. Batra previously served as Gramophone’s business head of retail biz. Previously, he had stints at nurture.retail and JioMart. Founded by Tauseef Khan, Ashish Rajan Singh, Harshit G, and Nishant Mahatre, Gramophone offers real-time farm advisory from experts and enables farmers to purchase crop protection, crop nutrition, seeds, implements, and agricultural hardware products. It also provides agronomic information such as weather information, the latest market prices and expense calculator among others. The Indore-based company claims to serve 50,000 villages and works with more than 2 million farmers and retailers. The platform has raised about $20.5 million to date from investors including InfoEdge, Z3 Partners, Asha Impact, and Siana Capital. For the fiscal year ending in March 2023, Gramophone’s gross revenue grew 75.6% to Rs 316 crore from Rs 180 crore in FY22. The company’s losses grew 48.7% to Rs 58 crore in FY23 from Rs 39 crore in the previous fiscal year. Last month, crypto exchange CoinDCX elevated Mridul Gupta as its founding partner.

IPO-bound boAt elevates Gaurav Nayyar as CEO

EntrackrEntrackr · 6d ago
IPO-bound boAt elevates Gaurav Nayyar as CEO
Medial

**IPO-bound boAt elevates Gaurav Nayyar as CEO** Nayyar, who previously served as Chief Operating Officer, steps into the CEO role at a time when boAt has returned to profitability and received regulatory clearance for its much-awaited IPO. Imagine Marketing, the parent company of boAt, has elevated Gaurav Nayyar to Chief Executive Officer as the company gears up for its next stage of growth and a public listing. Nayyar brings more than two decades of strategic and operational experience, including eight years as a partner at Bain & Company before joining boAt three years ago. Together with the founding team, he has helped drive the company’s operational execution and business performance. Co-founder Sameer Mehta, who led boAt as CEO in recent years, will now focus on long-term strategy as Executive Director. Co-founder Aman Gupta will retain his role as Non-Executive Director. The leadership change comes on the back of boAt's strong performance in FY25, as the company posted a net profit of Rs 60 crore compared to a loss of Rs 74 crore in the previous year. This turnaround was driven by cost control, resilient audio product sales, and growth in international markets, despite a contraction in its wearables division. boAt's total revenue for FY25 stood at Rs 3,098 crore, of which India contributed the majority, and international revenue grew 44 percent year on year. boAt is now set to become the first Indian D2C electronics brand to go public after receiving SEBI’s approval for its IPO. The upcoming public offer is expected to raise Rs 2,000 crore, with a fresh issue component of Rs 900 crore, and places the company’s valuation near Rs 13,000 crore, as per reports.

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