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Enlog elevates CTO Ayush Gupta as co-founder

EntrackrEntrackr ยท 8m ago
Enlog elevates CTO Ayush Gupta as co-founder
Medial

Deep-tech startup Enlog has elevated Ayush Gupta, its chief technology officer (CTO), to co-founder of the company. Ayush Gupta joined Enlog in 2023, bringing over five years of experience in technology and having previously served as Vice President of Technology at a hyper-local e-commerce startup. According to Enlog, Guptaโ€™s expertise in building scalable tech ecosystems and developing self-managed, IoT-based energy optimization solutions has laid the foundation for Enlogโ€™s growth and market leadership. Under his leadership, the company has built a robust infrastructure capable of scaling to 10 million IoT devices, handling billions of data logs, and delivering measurable energy efficiency benefits to its users. Enlog has recently awarded Rs 1 crore in ESOPs to its core tech team. As part of its growth journey, the startup is actively expanding its team across both tech and non-tech domains. The company has introduced this initiative to focus on attracting top talent to drive innovation and strengthen its position in the energy management space. Co-founded in 2019 by Bharath Rnkawat and Jharna Saha, Enlog specializes in IoT and AI-powered energy solutions that optimize electricity consumption and reduce carbon footprints. With over 19,000 MWh of electricity managed, 4,064 tons of CO2 emissions reduced, and a user base of over 20,000, Enlog aspires to reduce carbon emissions by one million tons by 2027. In November last year, Enlog raised Rs 1.75 crore led by Vinners.

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Unacademy elevates Arooshi Singh as Head of HR

EntrackrEntrackr ยท 11m ago
Unacademy elevates Arooshi Singh as Head of HR
Medial

Edtech company Unacademy is undergoing several high-level appointments. In the latest development, Arooshi Singh has been promoted from Director of People Experience and Culture to Chief People Officer at the Bengaluru-based firm. โ€œIโ€™m thrilled to share that Arooshi Singh, who has been with us for over seven incredible years, is being promoted to Head of HR,โ€ said Gaurav Munjal, CEO and co-founder of Unacademy, in a Slack message to employees on Monday, as reviewed by Entrackr. Singh will replace Sandhydeep Purri, who was appointed as Chief People Officer of the SoftBank-backed company in November 2023. Arooshi led multiple functions across HR functions at Unacademy. She joined the company as a junior staff member for employee wellness. This marks the third promotion announced by the Munjal-led company in 2024. In January, Jagnoor Singh was elevated to Chief Operating Officer (COO) for Unacademy Centres, and last month, Abhishek Pipara was promoted to Chief Financial Officer (CFO) for the offline business. In the past year, Unacademy has also seen several senior leadership exits, including a co-founder. In August 2023, Chief Operating Officer Vivek Sinha resigned, followed by Group CFO Subramanian Ramachandran in October, and co-founder and CTO Hemesh Singh in June. Last month, Unacademy also disclosed its financial numbers for the fiscal year ending March 2024. While the companyโ€™s revenue remained flat for the said fiscal year with Rs 988 crore, it managed to reduce its losses by a whopping 62%.

ProcMart elevates Sachin Jain to co-founder

EntrackrEntrackr ยท 4m ago
ProcMart elevates Sachin Jain to co-founder
Medial

ProcMart elevates Sachin Jain to co-founder ProcMart, a B2B marketplace for indirect procurement, has appointed Sachin Jain as co-founder. Sachin Jain joined ProcMart in March 2024 as CFO and CSO, playing a key role in business expansion, financial systems enhancement, and sustainability initiatives, including the acquisition of a green packaging facility in Aurangabad. Before joining ProcMart, Sachin Jain served as the CFO at Mahle Anand Filter Systems, where he managed finance, tax, and IT operations. He also held the position of Senior Vice President of Finance at the Anand Group. As co-founder, he will work alongside founder & CEO Anish Popli to drive growth, strengthen customer relationships, and scale operations across supply chain, product development, and finance. Founded in 2015, ProcMart provides supply chain solutions and infrastructure to businesses including services such as purchase order management, contract administration, master data management, e-catalog management, and market intelligence. The company has raised $43 million to date, including a $30 million Series B round led by the Fundamentum Partnership and Edelweiss Discovery Fund. Its existing investors also include IndiaMART. ProcMartโ€™s gross revenue shot up over 200% to Rs 621.5 crore in FY24 when compared to Rs 206.07 crore in FY23. The company remained profitable during FY24.

IPO-bound boAt elevates Gaurav Nayyar as CEO

EntrackrEntrackr ยท 1d 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 companyโ€™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 SEBIโ€™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 companyโ€™s valuation near Rs 13,000 crore, as per reports.

MyGate elevates co-founder Abhishek Kumar as CEO

EntrackrEntrackr ยท 1y ago
MyGate elevates co-founder Abhishek Kumar as CEO
Medial

Community management app MyGate has announced senior management changes as it elevated co-founder Abhishek Kumar, who was previously the chief operating officer, to the position of chief executive. Meanwhile, co-founder Vijay Arisetty, who previously served as the chief executive, has now taken the role of chairman of the board. According to the company, Arisetty will guide the team on the firmโ€™s strategic direction and continue to mentor the leadership team. Co-founder and chief technology officer Shreyans Daga will now have an expanded role overseeing product, technology, and new business initiatives. Founded in 2016 by Kumar, Arisetty and Daga, the company had raised Rs 100 crore ($13 million) in a funding round co-led by Urban Company and Acko in 2022. Entrackr exclusively reported the development. Last month, the firm announced employees stock buyback program for more than 50 employees. The buyback came on the back of improved financial results for the Bengaluru-based company in the last and current fiscal year. Additionally, Rohit Jindal, who has been with the company since 2017, has been elevated to the role of chief business officer. MyGate recently claimed that its revenue crossed Rs 100 crore in FY23, a 35% increase from the previous fiscal. The companyโ€™s investors include Tencent, Tiger Global, and Xto10X, among others.

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