🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

OYO elevates Sonal Sinha as CEO of G6 Hospitality

EntrackrEntrackr · 4m ago
OYO elevates Sonal Sinha as CEO of G6 Hospitality
Medial

OYO elevates Sonal Sinha as CEO of G6 Hospitality Global travel-tech company OYO has elevated Sonal Sinha to Chief Executive Officer of G6 Hospitality, the American motel company it recently acquired from Blackstone Real Estate. The acquisition, completed in December last year, added 1,500 franchised hotels across the US and Canada to OYO's portfolio, significantly expanding its North American presence. The combined entity is projected to generate a Gross Booking Value of approximately $3 billion, with G6 Hospitality—which operates the popular Motel 6 and Studio 6 brands—contributing $1.7 billion. The integration of G6’s portfolio with OYO's existing operations is expected to create significant synergies and accelerate growth across international markets. Sinha joined OYO in 2015 and has since made a substantial impact across various finance functions. As Chief Financial Officer – International Business, he led initiatives to enhance business margins and established critical financial control frameworks, including tax, accounting, and reconciliation. He will continue to report to Gautam Swaroop, CEO – International, OYO. These leadership changes reflect OYO’s continued focus on strengthening its international presence while building a more responsive organization. “Sonal has been instrumental in driving OYO’s international business to new heights,” said OYO Founder & Group CEO Ritesh Agarwal. “His deep understanding of our operations and proven track record of enhancing business performance make him the ideal leader to spearhead G6 Hospitality while maintaining the strong momentum of our global business.” Sinha’s appointment comes as OYO sharpens its focus on creating memorable guest experiences while empowering hotel owners with the tools they need to thrive in today’s competitive market. The integration aims to blend OYO’s tech-forward approach with G6’s established market presence, creating a hospitality offering that resonates with both hotel partners and guests.

Eternal’s Food Delivery COO Rinshul Chandra resigns

EntrackrEntrackr · 3m ago
Eternal’s Food Delivery COO Rinshul Chandra resigns
Medial

Eternal’s Food Delivery COO Rinshul Chandra resigns Eternal Limited (Zomato) has announced the resignation of Rinshul Chandra, Chief Operating Officer of its Food Ordering and Delivery business. Chandra, a key member of the company’s senior management, tendered his resignation on April 5 and will officially step down on April 7. According to the company’s filing with stock exchanges, Chandra is stepping down to pursue new opportunities and passions aligned with his evolving personal and professional goals​. Chandra joined Zomato (now Eternal) in 2018 as Assistant Vice President of Product and steadily rose through the ranks, serving as Vice President, Head of Business, and eventually taking on the role of Chief Operating Officer for the food delivery segment. Eternal Limited has not yet announced a replacement for Chandra. The development comes shortly after mass layoffs at Zomato. According to media reports, the company let go of around 600 customer support associates within a year of hiring them. Over the past year, Zomato has seen several key departures. Hemal Jain, who served as Global Head of Finance and CFO of Hyperpure, stepped down. Akriti Chopra, the company’s co-founder and Chief People Officer, also left. In October last year, Gunjan Soni resigned from her position as an Independent Director. Zomato recently rebranded itself to Eternal, which will comprise four major businesses: Zomato, Blinkit, District, and Hyperpure.

BharatPe CTO Pankaj Goel resigns

EntrackrEntrackr · 2m ago
BharatPe CTO Pankaj Goel resigns
Medial

Pankaj Goel, who joined BharatPe as Chief Technology Officer (CTO) in July 2023, has stepped down from his position, according to sources familiar with the matter. His departure comes after a tenure of less than two years at the Delhi-based fintech unicorn. “Pankaj Goel tendered his resignation earlier this week citing personal reasons, and BharatPe has accepted it,” said a source requesting anonymity. “He is currently serving his notice period.” At BharatPe, Goel was responsible for leading the technology team and spearheading the innovation strategy across the group of companies. His appointment filled a seven-month vacancy following the resignation of former CTO Vijay Aggarwal in November 2022. Prior to his stint at BharatPe, he served as the Head of Payments Engineering at Razorpay, where he played a pivotal role in scaling the company's total payment volume (TPV) from $1 billion to $100 billion. Before Razorpay, Goel held leadership positions at Intuit, Trilogy, and Sun Microsystems. Earlier this year, BharatPe’s Chief Marketing Officer, Parth Joshi, resigned to launch his own venture. According to sources, Goel may also explore entrepreneurial opportunities in the coming months. Queries sent to BharatPe did not elicit an immediate response. We'll update the post in case we hear from them. The development comes soon after BharatPe achieved a break-even at the EBITDA level (adjusting for employee stock options) during the first nine months of FY25. The company’s net losses declined to Rs 148.8 crore in 9M FY25 from Rs 492 crore in FY24. Last month, BharatPe’s subsidiary Resilient received the final approval from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator (PA). With this, BharatPe becomes one of the few Indian fintechs with an NBFC license (Trillion Loans), a stake in a Small Finance Bank (Unity SFB), and now a PA license.

Download the medial app to read full posts, comements and news.