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Daman Soni joins AstroTalk after exit from GlobalBees

EntrackrEntrackr · 4m ago
Daman Soni joins AstroTalk after exit from GlobalBees
Medial

Daman Soni joins AstroTalk after exit from GlobalBees Daman Soni, former President and Chief Business Officer of e-commerce roll-up company GlobalBees, has joined AstroTalk as CBO (e-commerce), sources familiar with the development told Entrackr. At GlobalBees, Soni played a key role in scaling the company’s business operations and driving marketing efforts for its portfolio brands. Notably, GlobalBees achieved unicorn status during his tenure. Prior to GlobalBees, Soni served as Vice President of the Growth division at boAt. He also had brief stints at WeCash, Milkbasket, and MobiKwik. According to sources, Daman Soni is overseeing AstroTalk’s e-commerce and direct-to-consumer (D2C) business. The Noida-based firm launched the Astrotalk Store late last year, offering gemstones and healing stones that astrologers charge with ‘positive mantras and chants.’ The company is now aiming to reach Rs 100 crore in annual recurring revenue (ARR) this month. Confirming the development to Entrackr, ⁠Anmol Jain, Cofounder & CBO, Astrotalk said, "We are thrilled to welcome Damandeep Singh Soni as the head of our e-commerce vertical. After building a Rs 1400+ crore ARR business in astrology consultations, our customers expressed a growing need for a trusted source for all their spiritual product purchases. With Daman’s extensive experience in scaling e-commerce businesses, we are confident and bullish about transforming this vertical into another Rs 1,000 crore ARR business in the coming years." AstroTalk, which is also planning an initial public offering in a year or two, elevated Anmol Jain to co-founder in late 2023 and appointed former Google executive Siddharth Prakash as Chief Technical Officer (CTO) in November 2023. AstroTalk saw strong growth in FY24, with revenue soaring 2.3X to Rs 651.12 crore and profit jumping 11.8X to Rs 99.99 crore. The firm aims to double revenue to Rs 1,250 crore in FY25 and targeting an operating profit of Rs 230-250 crore.

Exclusive: BharatPe’s CHRO and chief data scientist quit

EntrackrEntrackr · 7m ago
Exclusive: BharatPe’s CHRO and chief data scientist quit
Medial

Fintech unicorn BharatPe is navigating another phase of transition as its Chief Human Resources Officer (CHRO) and Chief Data Scientist have decided to step down, sources familiar with the matter told Entrackr. Smriti Handa, who took on the role of CHRO in April 2022, and Ritesh Mohan Srivastava, who joined as Chief Data Scientist in July 2022, are set to leave the organization, as per sources. Before joining BharatPe, Srivastava was on the advisory board at N44 Capital, while Handa was the global talent acquisition director at Reckitt. Confirming the development to Entrackr, a BharatPe spokesperson said, “We would like to confirm that Ms Smriti Handa is moving on from BharatPe to pursue exciting career opportunities abroad. She has been instrumental in spearheading various HR initiatives and her efforts have made a lasting impact. As she embarks on a new chapter, we extend our heartfelt wishes for her continued success." The spokesperson did not comment on Srivastava’s exit. In April, BharatPe made leadership changes across three verticals – Resilient Innovations Private Limited (merchant app), Resilient Payments Private Limited (payment unit), and Resilient Digi Services Private Limited (lending unit). Entrackr exclusively reported the development then. During this period, BharatPe appointed Nalin Negi as its full-time Chief Executive Officer (CEO), following his tenure as interim CEO for over a year. BharatPe has demonstrated remarkable growth over the past three fiscal years, with revenue increasing from Rs 119 crore in FY21 to Rs 1,426 crore in FY24. The company’s losses also dropped by 50% to Rs 474 crore in FY24 from Rs 941 crore in the previous fiscal year. In a progressive step, BharatPe settled its long-standing differences with former co-founder and managing director Ashneer Grover.

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