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News on Medial
ISN Exclusive: Meesho’s Mohit Rajani quits as CPO; Prasanna Arunachalam to take over
IndianStartupNews
·
20d ago
Medial
Mohit Rajani, former Chief Product Officer of Meesho, has resigned less than a year after joining, following his predecessor Kirti Varun Avasarala's departure. Prasanna Arunachalam, a five-year Meesho veteran, steps into the role, bringing expertise in product management. Arunachalam, previously leading monetisation and content commerce, aims to advance Meesho's vision of democratizing internet commerce. Rajani, with a background in AI and major tech firms like Meta and Google, leaves amid Meesho's preparation for public market entry.
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Byju’s India CEO Arjun Mohan quits amid fresh restructuring
The Arc Web
·
1y ago
Medial
The CEO of edtech company Byju's India, Arjun Mohan, has resigned, indicating potential trouble at the company. Byju's founder, Byju Raveendran, is expected to take over day-to-day operations, while Mohan will continue to serve as an advisor. Byju's is also undergoing a restructuring called Byju's 3.0, which will focus on three areas: the learning app, online classes and tuition centers, and test preparation. The decision to replace Mohan with Mohit was part of an effort to change the company's sales culture. Byju's is currently facing challenges in raising funds and has experienced delays in payments.
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Former Meta Executive Mohit Rajani Joins Meesho As Chief Product Officer
Inc42
·
10m ago
Medial
Meesho has hired Mohit Rajani, a former executive from Meta, as its Chief Product Officer. Rajani's experience at tech giants like Meta and Google, where he led product initiatives at Instagram and Messenger, will help drive innovation and expand Meesho's ecommerce customer base. The appointment comes after recent additions to the board and amidst Meesho's strong financial performance, with a 77% revenue growth in FY23 despite some leadership departures.
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Adda247 Cofounder Chandan Singh Quits After 5 Years
Inc42
·
10m ago
Medial
Nearly two years after his promotion to cofounder of Adda247 from his previous role as Chief Product Officer (CPO), Chandan Singh has decided to leave the edtech startup. He announced his departure in a LinkedIn post, revealing that he officially stepped away from the company last month. Singh’s exit marks a significant transition for both him and the startup.
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Exclusive: BharatPe’s CMO Parth Joshi quits to start his own venture
Entrackr
·
5m ago
Medial
BharatPe’s Chief Marketing Officer, Parth Joshi, has resigned to launch his own venture, according to sources familiar with the matter. Joshi joins a growing list of BharatPe executives who have departed in recent years to explore entrepreneurial opportunities. Joshi was appointed as BharatPe's CMO in June 2021. Before joining the fintech unicorn, he served as Head of Marketing at Reckitt for over five years. In the past, he also spent three years each at GSK and L’Oréal. As per sources, Joshi is on notice period. Confirming the development to Entrackr, a BharatPe Spokesperson said, "Parth Joshi has decided to embark on his entrepreneurial journey, and we respect his decision. At BharatPe, we take pride in fostering a culture that nurtures innovation, leadership, and entrepreneurship. We are always supportive of individuals who aspire to create meaningful impact, and we wish Parth the very best in his new endeavor." The development follows the recent exits of BharatPe’s Chief Human Resources Officer (CHRO), Smriti Handa, and Chief Data Scientist, Ritesh Mohan Srivastava. Handa is set to pursue career opportunities abroad, while Srivastava has chosen to focus on his entrepreneurial ambitions.
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BharatPe CPO Ankur Jain quits to start his own venture
Entrackr
·
1y ago
Medial
Ankur Jain, the Chief Product Officer (CPO) of fintech company BharatPe, has resigned from his position after serving for over three years. He is reportedly leaving to start his own startup in the AI and ML space. Jain's exit follows a series of high-profile departures at BharatPe in recent years, including the Chief Business Officer Nishant Jain and former executive Dhruv Dhanraj Bahl. BharatPe has confirmed Jain's departure and is currently searching for a seasoned product leader to fill the vacant role.
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Exclusive: Increff co-founder Romil Jain quits
Entrackr
·
4m ago
Medial
Romil Jain, co-founder and former Chief Technical Officer of SaaS startup Increff, has left the firm, sources aware of the development told Entrackr. “Jain left Increff late last year and he’s likely to embark on a new entrepreneurial journey,” said one of the sources requesting anonymity. Before founding Increff in 2016, Jain worked as a Chief Architect and Principal Engineer at DevFactory and Computer Associates. He co-founded Increff with Rahul Jain and Anshuman Agarwal. According to sources, Jain is expected to announce his new project soon. Increff has declined to comment on the story. This development coincides with the elevation of Vishal Raj as the new co-founder of the company. Raj, who has been with Increff for over seven years, is the current CTO of the company.
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VenturEast and InvAsent exit from Comprehensive Prosthetics & Orthotics
IndianStartupNews
·
1y ago
Medial
VenturEast and InvAsent have completed their exit from Comprehensive Prosthetics & Orthotics (CPO), a US-based startup, as part of a financial secondary transaction. CPO has raised a new round of growth capital and expanded its presence in the orthotics and prosthetics sector, operating over 35 clinics in the United States. The exit from CPO is VenturEast's eighth exit this year, reflecting a broader trend of secondary exits in the Indian startup ecosystem in 2023.
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Exclusive: Paytm CHRO Swati Rustagi Quits, Likely To Join Adobe
Inc42
·
1y ago
Medial
Paytm Payments Bank has experienced multiple senior-level departures, including the president and COO Bhavesh Gupta, following RBI's restrictions. Speculations suggest that Gupta may join Adobe. Additionally, Paytm's chief human resources officer (CHRO), Swati Rustagi, has also resigned after working with the company for over a year. Rustagi has a diverse professional background, having previously worked with notable companies such as Amazon, Max Healthcare, and Johnson & Johnson.
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Exclusive: Ex-Zomato Executive’s Startup Ninecamp Bags $2 Mn
Inc42
·
1y ago
Medial
Ninecamp, a premium food and beverage startup, has recently raised funds from investors including Zomato cofounders Mohit Gupta and Gaurav Gupta. With a focus on premium dining and consumer products, Ninecamp was founded last year by Chaitanya Mathur, who has over 17 years of experience and was instrumental in creating Zomaland for Zomato. The funding round also saw participation from Honasa cofounders Ghazal and Varun Alagh.
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Rajesh Nambiar quits as Cognizant’s India head to become Nasscom president | Mint
Livemint
·
11m ago
Medial
Rajesh Nambiar has resigned as India chairman and managing director of Cognizant Technology Solutions to become the president of IT industry body Nasscom. Nambiar's successor at Cognizant will be Rajesh Varrier, who will take over as global head of operations from 2 September. The change comes as Cognizant seeks to match industry growth figures, having ended 2023 with revenues of $19.4bn, a YoY drop of 0.4%. Varrier's new responsibilities will include operations, delivery excellence, and workforce planning. Nambiar will replace Debjani Ghosh as Nasscom president from November.
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