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Former Shopify and Wix leader Vargab Bakshi joins GoKwik as Chief Growth Officer

EntrackrEntrackr · 28d ago
Former Shopify and Wix leader Vargab Bakshi joins GoKwik as Chief Growth Officer
Medial

GoKwik, an e-commerce enablement startup, has appointed Vargab Bakshi as Chief Growth Officer to lead its global expansion, marketing, partnerships, and product-led growth initiatives. Vargab will drive the company’s growth charter across its software suite, including apps on Shopify and other platforms. Prior to joining GoKwik, Vargab held leadership roles at Shopify and Wix. At Shopify, he was part of the founding India team and led the go-to-market strategy for India and emerging markets, building the APAC partner ecosystem. At Wix, he served as VP and Country Head for India, overseeing marketing, enterprise sales, and product localization. He also built GrowKwik, a content-led learning platform by GoKwik, with over 500,000 followers. GoKwik supports over 12,000 brands such as Lenskart, Neeman’s, Shoppers Stop, and Man Matters. It recently raised $13 million in a growth round led by RTP Global, with participation from existing investors. The company has a shopper network of 130 million and offers multiple products to help D2C brands increase conversions across the e-commerce funnel.

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Ola Electric’s CBO Ankush Aggarwal joins Ola Financial Services as CEO

EntrackrEntrackr · 1y ago
Ola Electric’s CBO Ankush Aggarwal joins Ola Financial Services as CEO
Medial

ANI Technologies, the parent company of ride hailing company Ola, has appointed Ankush Aggarwal as the chief executive officer of Ola Financial Services. His appointment comes on the backdrop of resignation of Hemant Bakshi as CEO of the ride hailing business. Bakshi was leading the mobility business along with a focus on key businesses such as financial services, logistics, and e-commerce. As per an ET report, Ankush Aggarwal will be a part of the senior leadership of Ola Cabs. In March 2022, Ankush Aggarwal (brother of Ola’s founder Bhavish Aggarwal) sold his startup Avail Finance to ANI Technologies for about $50 million in a share swap deal. After the deal, he joined Ola Electric, a separate company founded by Bhavish Aggawral, as the chief business officer (CBO). While Ola is yet to name the new chief executive of the ride hailing business, Bhavish Aggarwal will look after the day-to-day operations of the company. Entrackr has reached out to Ola for comment. Earlier this year, Ola announced that it had turned EBITDA profitable in FY23. During the period, its revenue jumped 42% to Rs 2,799 crore as compared to Rs 1,970 crore in FY22. The firm managed to cut down its losses by nearly 50% to Rs 772 crore during FY23 against Rs 1,522 crore in the previous year. Also Read: Startups rope in new CEOs amid cash crunch, layoffs, profitability and IPO plans Ola Money, which is operated by Ola Financial Services, recorded Rs 85.5 crore revenue with a loss of Rs 54.6 crore while the cab leasing firm Ola Fleet Technologies’ revenue stood at Rs 189.9 crore with Rs 387.6 crore loss in FY23. Last month, Ola announced that it is rolling back its services from international markets such as the UK, Australia and New Zealand. ​​The move is likely due to its shift in attention towards launching an initial public offering. As per media reports, Ola is gearing up for the IPO and has finanlised book running lead managers for going public.

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