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Flipkart CFO Sriram Venkataraman steps down; Nishant Verman rejoins in leadership role

EntrackrEntrackr · 3m ago
Flipkart CFO Sriram Venkataraman steps down; Nishant Verman rejoins in leadership role
Medial

Flipkart CFO Sriram Venkataraman steps down; Nishant Verman rejoins in leadership role Walmart-owned ecommerce company Flipkart has announced that Group CFO Sriram Venkataraman will transition out of his role. Venkataraman will remain with the company for a period to ensure a smooth transition. During this time, Ravi Iyer, CFO at Flipkart, will oversee the broader finance organisation. Alongside this, Flipkart has appointed Nishant Verman as Senior Vice President, Corporate Development and Partnerships. He will focus on strengthening the company’s corporate development and partnership initiatives. Verman rejoins Flipkart after his stint as founder of Bzaar, a cross-border exports platform. He has also held roles in corporate development at Microsoft and in investment banking at Morgan Stanley. According to the company, its finance function continues to be supported by existing leadership across business units, with governance processes in place.

Exclusive: Josh Foulger steps down as Zetwerk Electronics president

EntrackrEntrackr · 4m ago
Exclusive: Josh Foulger steps down as Zetwerk Electronics president
Medial

Josh Foulger, president of the electronics division at manufacturing unicorn Zetwerk, has exited the company, according to industry sources aware of the development. Sources said the move is for personal reasons. Foulger had joined Zetwerk around two years ago to lead its consumer and electronics manufacturing business. Prior to joining Zetwerk, Foulger served as Country Head (India) and Managing Director at Bharat FIH, where he helped establish the company as a key manufacturing partner for consumer electronics brands. Zetwerk is evaluating candidates from several top companies including Siemens and Schneider Electric, sources said. Confirming the development to Entrackr, a Zetwerk spokesperson said, "Josh Foulger has been instrumental in shaping Zetwerk Electronics during its early and growth stages. As he has decided to move back to Chennai for personal reasons, we thank him for his contribution and wish him the very best for his future endeavours." Established in 2021, Zetwerk Electronics is part of Zetwerk’s manufacturing business, which was last valued at $2.1 billion. Zetwerk operates as a managed marketplace for contract manufacturing.

Double down on things that work and know when to step back: Ganesh Balakrishnan’s mantra for entrepreneurs

YourStoryYourStory · 2y ago
Double down on things that work and know when to step back: Ganesh Balakrishnan’s mantra for entrepreneurs
Medial

Ganesh Balakrishnan, serial entrepreneur and co-founder of Aurm, a fintech firm, discussed the key to success in entrepreneurship: understanding decision-making, learning from mistakes, and doubling down on successful strategies. He emphasized the importance of external perspectives and objective opinions to gain insights that may not be apparent when deeply entrenched in the business. Balakrishnan also talked about his experience on Shark Tank India and shared lessons from his entrepreneurial journey, highlighting the need to balance emotions with objectivity and be open to pivoting when necessary. He credited his father for inspiring him to give his best effort in everything he does.

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