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InsuranceDekho strengthens leadership with new appointments

EntrackrEntrackr · 1y ago
InsuranceDekho strengthens leadership with new appointments
Medial

Insurtech company InsuranceDekho has made strategic appointments across key functions, including business strategy, sales, and analytics. This move follows InsuranceDekho’s recent hiring expansion, reinforcing the company’s aim to build a strong leadership team to support its long-term goals. Navneet Bhatt has joined as Chief Business Officer for new business (MGA, Reinsurance, and Actuarial Analytics). Bhatt had previously held senior roles at Takaful Oman Insurance, Tata AIG, and Royal Sundaram Alliance. Vivek Aggarwal has been appointed as VP - Head of Finance. With more than 23 years of experience across leading companies such as HCL, Genpact, Airtel, and Info Edge, Vivek brings extensive expertise in the IT/ITES and internet sectors. Aman Batra has been elevated to Chief Strategy Officer. With over 12 years of expertise in business strategy, corporate development, and data analytics, Aman has been a vital part of InsuranceDekho for more than four years. InsuranceDekho was incubated within CarDekho Group, an auto-tech unicorn soon to go public. It enables consumers to compare different insurance policies based on their requirements and helps them purchase the most suitable plan. The company currently has partnerships with 49 insurance companies, offering more than 670 plans on its platform.

Daman Soni joins AstroTalk after exit from GlobalBees

EntrackrEntrackr · 1y 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.

ShareChat appoints Google’s Neha Markanda as CBO

EntrackrEntrackr · 7m ago
ShareChat appoints Google’s Neha Markanda as CBO
Medial

ShareChat appoints Google’s Neha Markanda as CBO Social media platform ShareChat has onboarded Google’s head of industry and ecommerce Neha Markanda as chief business officer (CBO) for both its ShareChat and Moj platforms. Markanda will be stepping into Gaurav Jain’s role, who quit ShareChat in June. Entrackr had exclusively reported Jain’s departure on June 16. In her new role, Markanda will lead the company’s revenue strategy, boost growth and foster ties with stakeholders across India, said ShareChat in a press release. Earlier, she spearheaded Google India’s health strategy while also driving business transformation and AI-led solutions in both retail and health tech. “Neha Markanda’s expertise at brand building, deep understanding of problems that marketers face, the way brands measure return on spends, and proven ability to deliver business growth make her an invaluable addition to our leadership team,” said ShareChat co-founder Ankush Sachdeva. Having more than 22 years of experience, Markanda has previously served as Meta’s head of business marketing for three years. Her career also spans roles in GSK Consumer Healthcare India, HCL Technologies, and ITC Limited, among others. “I look forward to working with the talented teams here to further enhance our offerings and support the business growth ambitions of our partners…,” said Markanda. Earlier this year, ShareChat went through layoffs, reducing 5% of its workforce as part of a performance review cycle. In 2024, the company raised $65 million in debt across two tranches. It has raised around $1.3 billion from investors including Twitter (now X), Alkeon Capital, Moore Strategic Ventures, and Tencent, among others. ShareChat's operational revenue increased by 29.9% to Rs 718.1 crore in FY24 from Rs 552.73 crore in FY23. During the same period, the company's losses decreased by 41.4% to Rs 1,898.94 crore.

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