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Exclusive: Nine Months After Joining, Ola Consumer’s CBO Sidharth Shakdher Quits

Inc42 · 10m ago

Exclusive: Nine Months After Joining, Ola Consumer’s CBO Sidharth Shakdher Quits

Shakdher, who was previously associated with Ola Cabs, has resigned to pursue his own endeavors. According to sources, he will be leaving the company in two weeks. Ola Consumer, the rebranded version of Ola Cabs, will soon be announcing a new Chief Business Officer.

Related News

Ola’s Chief Business Officer Sidharth Shakdher quit: Sources

Inshorts · 10m ago

Ola’s Chief Business Officer Sidharth Shakdher quit: Sources

Nine months after joining Ola Consumer (formerly known as Ola Cabs) as its global chief business officer (CBO), Sidharth Shakdher is exiting the startup, sources told Inc42. In his role as global CBO, Shakdher used to oversee Ola’s revenue, growth, and marketing efforts in India, and cab business in international markets.

Ola's Sidharth Shakdher joins Paytm as business head

Economic Times

Economic Times · 9m ago

Ola's Sidharth Shakdher joins Paytm as business head

Sidharth Shakdher, former Chief Business Officer at Ola Mobility, has joined Paytm to head a business unit within the company. In his new role, he will work with CEO Vijay Shekhar Sharma to scale Paytm's growth and focus on profitability. During his time at Ola Mobility, Shakdher led the core mobility business to profitability and launched various initiatives. Prior to joining Ola, he served in senior positions at Disney+ Hotstar, Amazon, and Reckitt Benckiser. Shakdher brings almost 25 years of experience to his new role at Paytm.

Disney+ Hotstar’s Sidharth Shakdher jumps ship to Ola Mobility

Inc42 · 1y ago

Disney+ Hotstar’s Sidharth Shakdher jumps ship to Ola Mobility

Sidharth Shakdher, the former Disney+ Hotstar executive vice-president and chief marketing officer, has joined Ola Mobility as the new global chief business officer (CBO). He will be responsible for overseeing functions such as revenue, growth, marketing, and new initiatives for Ola’s mobility division. Shakdher, who has over 25 years of experience with companies like Amazon and Samsung, will also handle Ola's new businesses, including ecommerce. His move comes amidst ongoing challenges for Disney+ Hotstar, including losing subscribers and a proposed merger with Reliance falling through.

Ola group’s continued top-level exits in 2024

Economic Times

Economic Times · 7m ago

Ola group’s continued top-level exits in 2024

In 2024, Bhavish Aggarwal's companies, including Ola, Ola Electric, and Krutrim, faced several high-profile executive departures. Key exits included Ola Electric's Suvonil Chatterjee (chief technology officer) and Anshul Khandelwal (chief marketing officer), as well as N Balachandar, Ola group's chief people officer. Ravi Jain, business head of Krutrim AI, also left, alongside others like Sidharth Shakdher (chief business officer) and Kartik Gupta (Ola Cabs' CFO). These resignations were mainly attributed to personal reasons.

Exclusive: ShareChat’s CBO Gaurav Jain quits

Entrackr

Entrackr · 1m ago

Exclusive: ShareChat’s CBO Gaurav Jain quits

Exclusive: ShareChat’s CBO Gaurav Jain quits Gaurav Jain, the Chief Business Officer of social media platform ShareChat, has resigned, according to an update shared by the company’s founder and CEO, Ankush Sachdeva on the company’s Slack channel. “Gaurav has played a pivotal role in shaping our Ad Sales and B2B Marketing teams. His steady leadership and thoughtful approach has helped us navigate some tough periods and drive progress,” said Sachdeva. According to the internal announcement, Jain will be with the company until July to ensure a smooth handover. He joined ShareChat in October 2022. Prior to that, he was Head of APAC Business Expansion at Snap for less than a year, and Head of Mid-Market Business for Meta India for more than three years. In the interim, ShareChat has named Manohar Charan, who will be stepping in to lead the business during the transition. Charan, who is the Chief Financial Officer of ShareChat, was recently elevated to the position of Co-founder of the Bengaluru-based company.

Zepto sees another top-level exit, VP Jitendra Bagga quits

Inshorts · 7m ago

Zepto sees another top-level exit, VP Jitendra Bagga quits

Top-level exits at Zepto continue as Jitendra Bagga has quit as the vice-president of central operations after spending nine months at the quick commerce unicorn, Moneycontrol reported. One of the reasons why Bagga left was because he's based in Mumbai and it was reportedly a challenge to relocate to Bengaluru. Recently, HR head Martin Dinesh Gomez also quit Zepto.

ISN Exclusive: Meesho’s Mohit Rajani quits as CPO; Prasanna Arunachalam to take over

IndianStartupNews

IndianStartupNews · 1m ago

ISN Exclusive: Meesho’s Mohit Rajani quits as CPO; Prasanna Arunachalam to take over

Mohit Rajani, former Chief Product Officer of Meesho, has resigned less than a year after joining, following his predecessor Kirti Varun Avasarala's departure. Prasanna Arunachalam, a five-year Meesho veteran, steps into the role, bringing expertise in product management. Arunachalam, previously leading monetisation and content commerce, aims to advance Meesho's vision of democratizing internet commerce. Rajani, with a background in AI and major tech firms like Meta and Google, leaves amid Meesho's preparation for public market entry.

Exclusive: Ex-Unacademy CBO Abhinav Agarwal’s New Eyewear Startup Raises $2.2 Mn

Inc42 · 1m ago

Exclusive: Ex-Unacademy CBO Abhinav Agarwal’s New Eyewear Startup Raises $2.2 Mn

Abhinav Agarwal, former CBO of Unacademy, has raised $2.2 million in seed funding for his new eyewear startup, currently in stealth mode. The funding round was led by India Quotient with participation from notable angel investors like Unacademy’s Gaurav Munjal, CRED’s Kunal Shah, and Snapdeal’s Kunal Bahl, among others. The startup plans to sell products online and in physical stores, with a formal launch expected in the coming months.

Grapevine: Tesla India head quits; BluSmart investors weigh biz revival

VCCircle

VCCircle · 3m ago

Grapevine: Tesla India head quits; BluSmart investors weigh biz revival

Tesla India's country head, Prashanth Menon, has resigned after a nine-year tenure. His departure coincides with Tesla's preparations to introduce electric vehicles in India. Meanwhile, BluSmart's investors are contemplating business revival strategies.

Another Top-Level Exit At Ola: Now, CFO Karthik Gupta Resigns Within Seven Months

Inc42 · 1y ago

Another Top-Level Exit At Ola: Now, CFO Karthik Gupta Resigns Within Seven Months

Ola Cabs, the ride-hailing major, is going through a restructuring exercise ahead of its IPO. Chief Financial Officer Karthik Gupta has resigned, joining a growing list of high-level exits at the company. The departure is part of the company's efforts to strengthen cost structures and increase profitability. Ola Cabs recently laid off around 200 employees, and CEO Bhavish Aggarwal stated that the focus would be on AI and technology. Ola Cabs aims to raise $500 million through its IPO, with plans to file the draft red herring prospectus with SEBI within three months.

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