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Fireside Ventures-backed 10clubhomes ropes in former IKEA executive Kavitha Rao as co-founder, COO

Inc42 · 1y ago

Fireside Ventures-backed 10clubhomes ropes in former IKEA executive Kavitha Rao as co-founder, COO

10clubhomes, a direct-to-consumer home and kitchen furnishing startup, has appointed Kavitha Rao, a former executive of IKEA and Accenture, as its cofounder and chief operating officer (COO). In her new role, Rao will oversee various business functions and drive growth and profitability. The startup aims to expand its retail presence online and offline, focusing on brand-building, product design, technology, and enhancing the shopping experience. With the goal of becoming a INR 1000 Cr brand, 10clubhomes plans to explore distribution possibilities and capitalize on the growing Indian consumer market.

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Ranjan Pai’s Claypond Capital ropes in former Fireside exec

VCCircle

VCCircle · 1y ago

Ranjan Pai’s Claypond Capital ropes in former Fireside exec

Claypond Capital, the family investment office of Ranjan Pai, Chairman of Manipal Group, has appointed a former Fireside Ventures executive as the firm increases its startup investments. The family office was established after Temasek acquired a $2 billion stake in Manipal Group.

Dealshare cofounders Vineet Rao, Sankar Bora exit post rejig

Economic Times

Economic Times · 1y ago

Dealshare cofounders Vineet Rao, Sankar Bora exit post rejig

Vineet Rao and Sankar Bora, the co-founders of e-commerce platform Dealshare, have left the company amid job cuts and business restructuring. Rao, who previously served as CEO, stepped down in July and was supposed to assist in hiring a new CEO before leaving. Bora, the former COO, has also moved on. Dealshare, backed by investors including Tiger Global and Alpha Wave, recently closed its B2B business and has undergone staff reductions. The company is currently looking for a new CEO.

Ex-Perpule Founder’s New Startup Escape Plan Raises $5 Mn

Inc42 · 17d ago

Ex-Perpule Founder’s New Startup Escape Plan Raises $5 Mn

Escape Plan, a travel accessories startup, secured $5 million in seed funding, led by Jungle Ventures and Fireside Ventures. Founded by ex-Perpule co-founder Abhinav Pathak and former Landmark Group COO Abhinav Zutshi, the company offers luggages, backpacks, and modular organizers. With both ecommerce and offline retail plans, it aims for rapid expansion and one-hour delivery services. The startup focuses on India's growing travel and luggage market, which could exceed $5 billion by 2028.

10Club moves NCLT to begin insolvency proceedings

Entrackr

Entrackr · 3m ago

10Club moves NCLT to begin insolvency proceedings

Fireside Venture-backed company 10Club is now heading toward closure, as it has initiated insolvency proceedings before the National Company Law Tribunal (NCLT), Bengaluru Bench. E-commerce marketplace aggregator 10Club, which once raised one of India’s largest seed rounds, has failed to find a viable business model. The Fireside Venture-backed company now appears to be heading toward closure, as it has initiated insolvency proceedings before the National Company Law Tribunal (NCLT), Bengaluru Bench. According to a company’s regulatory filing sourced from the Registrar of Companies (RoC), the shareholders of Boxseat Ventures Private Limited (10Club) have passed a special resolution to file for insolvency under Section 10 of the Insolvency and Bankruptcy Code, 2016. According to the filing, 10Club prima facie appears to be insolvent as the company’s assets are not sufficient to pay off its debts. Srilakshi Purushottam has been appointed as the Interim Resolution Professional in the CIRP application, while multiple advocates have been designated to represent the firm in the legal proceedings, the filing stated. As per sources, the firm has taken down its website and paused all social media activity. Entrackr was also unable to access the 10Club website. Queries sent to 10Club did not receive a response until after the story was published. Started as an e-commerce roll-up firm, 10Club made a strategic pivot in October 2023 to become a consumer brand focused on home and kitchen products. In January 2024, the Bengaluru-based firm appointed Kavitha Rao as its new Chief Operating Officer and co-founder. When Entrackr reached out to Rao for comment, she confirmed that she left the company in January end this year. 10 Club caught the eyeballs in 2021, where it received the largest ever seed round of $40 million in the Southern Asian Market led by Fireside Ventures. The company was also reportedly in talks to raise $30 million from Olive Tree Capital in 2022.

Chryscapital-backed Xoriant hires LTIMindtree's Mukund Rao to lead global markets

Economic Times

Economic Times · 1y ago

Chryscapital-backed Xoriant hires LTIMindtree's Mukund Rao to lead global markets

ChrysCapital-backed IT services provider Xoriant has appointed Mukund Rao, former LTI-Mindtree executive, as the President for Global Markets. With over 20 years of experience in the software services industry, Rao previously served as the Chief Business Officer of the BFSI vertical at LTI-Mindtree. Xoriant focuses on digital product engineering, cloud infrastructure, and operations across sectors like BFSI, healthcare, manufacturing, and telecommunications. The company reported a revenue of $178 million in FY23 and has around 3,100 employees.

AI Startup Anthropic Hires Airbnb Veteran Krishna Rao

deepnewz

deepnewz · 1y ago

AI Startup Anthropic Hires Airbnb Veteran Krishna Rao

Anthropic, an AI startup, has appointed Krishna Rao, a former executive at Fanatics and Airbnb, as its first Chief Financial Officer (CFO). The hiring of Rao, known for his expertise in guiding innovative organizations, is expected to enhance Anthropic's financial leadership as the company grows and expands.

VC-backed Rozana onboards former xto10x partner as co-founder

VCCircle

VCCircle · 1y ago

VC-backed Rozana onboards former xto10x partner as co-founder

Rural commerce startup Rozana has announced that Abhijit Upadhye, a former executive at Binny Bansal's xto10x startup, will join the company as a co-founder. Rozana, which has received funding from Bertelssman India Investments and Fireside Ventures, operates an e-commerce platform and logistics network that serves rural communities in India. The company has a network of 18,000 last-mile partners, primarily women, serving over 12,000 villages in Uttar Pradesh and Haryana. Rozana recently raised $22.5 million in funding, led by Bertelssman India Investments.

Deal share founders quit

Inc42 · 1y ago

Deal share founders quit

Vineet Rao and Sankar Bora, founders of ecommerce company DealShare, have stepped down following layoffs and a business restructuring. Rao resigned as CEO in July and was expected to assist in appointing a new CEO, but has now left the company. Bora, the former COO, has also departed. The company is relocating its non-tech functions to Gurugram. The startup, which enables first-time online shoppers, achieved unicorn status in 2021 after raising significant funding. DealShare recently closed its B2B operations and underwent previous rounds of layoffs to reduce costs.

COGOS Reshuffles Top-Deck, Elevates COO Katta Prasad To Cofounder

Inc42 · 1y ago

COGOS Reshuffles Top-Deck, Elevates COO Katta Prasad To Cofounder

India's B2B city logistics platform, COGOS, has made changes to its leadership team. Katta Prasad has been promoted to co-founder and chief operating officer (COO), while Goutham BV has been promoted to Chief Technology Officer (CTO). Prasad joined COGOS last year as COO and has played a key role in driving the growth of the company's Full Truck Load (FTL) and Less Than Truck Load (LTL) services. COGOS, founded in 2016, operates a network of over 450 truckers across 25 states in India and is backed by VC funds such as EV2 Ventures and WorldQuant Ventures.

Zing, a 10-minute food delivery app, launches in Gurugram

Inshorts · 7m ago

Zing, a 10-minute food delivery app, launches in Gurugram

Zing, an app that delivers freshly prepared food in 10 minutes using AI-driven demand forecasting, has launched in Gurugram. Founded by Tarun Arora, former COO of Inshorts, and Rachit Sahi, the app is backed by Inshorts Co-founder and Shark Tank India judge Azhar Iqubal. "Zing delivered 600 orders in November alone...This number could more than double in December," said Arora.

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