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Probo appoints Shimal Kapoor as head of policy

EntrackrEntrackr · 1m ago
Probo appoints Shimal Kapoor as head of policy
Medial

Probo appoints Shimal Kapoor as head of policy Opinion trading platform Probo has appointed Shimal Kapoor as head of policy to strengthen its engagement with regulators and support the policy development process for India’s skill-based gaming sector. The company, which serves over 34 million users, said this strategic hire aligns with its goal to contribute to the regulatory framework of this emerging category. Shimal will work closely with government bodies and policymakers. She brings a diverse background in law and public policy to her new role as Head of Policy at Probo. Her experience includes positions at Meta, the World Bank Group, and the law firm Shardul Amarchand Mangaldas & Co. “India's skill-based gaming sector is at an inflection point, driving both digital innovation and economic value. Probo has quickly become the top choice for opinion trading, and I am excited to bring my experience to the table, helping deepen Probo’s connections with stakeholders, and cement its position as one of the leading players in the market,” said Shimal. Probo enables users to trade opinions on real-world events across sports, entertainment, and current affairs. The company is backed by Peak XV, Elevation Capital, and Fundamentum. As per TheKredible, Probo’s revenue from operations surged to Rs 459 crore in FY24 from Rs 86 crore in FY23. During the period, its profit also increased massively to Rs 92 crore from Rs 3.7 crore.

IPO-bound Swiggy appoints Suparna Mitra as an independent director

EntrackrEntrackr · 1y ago
IPO-bound Swiggy appoints Suparna Mitra as an independent director
Medial

Swiggy has announced the appointment of Suparna Mitra as an independent director to its board. The move comes at a time when the Prosus-backed foodtech company is readying itself for public listing. Mitra, who was the CEO of Titan Company Limited’s Watches and Wearables Division, brings over 30 years of experience in lifestyle and retail. Mitra has joined Swiggy’s distinguished list of independent directors that includes Anand Kripalu, MD & Global CEO at EPL Limited and Chairperson of the Swiggy board, Shailesh Haribhakti, chairman of Shailesh Haribhakti & Associates, and Sahil Barua, MD and CEO at Delhivery. Swiggy has seen a few key executives’ departures at the management of late. Some of the notable executives who have left the firm since April last year are Karan Arora (VP and head of supply chain management), Nishad Kenkre (VP and head of revenue and growth at Instamart), Ashish Lingamneni (VP and head of brand and product marketing), Dale Vaz, chief technology officer, and senior VP Karthik Gurumurthy. Meanwhile, it has also announced new appointments such as Ashwath Swaminathan as its chief growth & marketing officer and Anirban Roy and Dipak Krishnamani as VP of Growth and VP of Swiggy Mall, respectively. As mentioned above, the foodtech firm is in the process to file its IPO papers soon. According to Entrackr‘s exclusive report, Swiggy booked Rs 5,476 crore in revenue from operations during the first three quarters of financial year FY23. The company recorded $200 million (approximately Rs 1,600 crore) loss for the nine months.

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