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Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig

Economic Times

Economic Times · 2m ago

Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig

Uber has promoted Pradeep Parameswaran to global head of mobility in a top-level restructuring. He will join Uber’s executive leadership team and report to CEO Dara Khosrowshahi. Previously head of Asia Pacific, Parameswaran has been instrumental in Uber’s international expansion. This leadership change accentuates the growing influence of Indian-origin executives at Uber. Despite the reshuffle, Khosrowshahi affirmed his commitment to the company, addressing speculations about his tenure.

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Related News

Uber’s Parameswaran urges shift from private cars to seamless public transit - The Economic Times

Economic Times

Economic Times · 3d ago

Uber’s Parameswaran urges shift from private cars to seamless public transit - The Economic Times

Pradeep Parameswaran, Uber's global head of mobility, highlights India's urgent need to prioritize seamless public transit over private car ownership to combat urban congestion and inefficient commutes. Despite rising infrastructure investments, India's cities face unsustainable traffic due to rapid urbanization and car ownership. Parameswaran urges for rapid public transit expansion, improved first- and last-mile connectivity, and cohesive technology-driven solutions to create integrated urban mobility. He emphasizes the importance of making public transport both accessible and appealing for all city dwellers.

Uber promotes APAC head Parameswaran to global role

Economic Times

Economic Times · 1y ago

Uber promotes APAC head Parameswaran to global role

Uber has promoted Pradeep Parameswaran, its Asia Pacific head, to a global role. In addition to leading business development for the company's enterprise product, Parameswaran will also head up Uber's new 'fleets' program team. This move is significant as Uber aims to convert its entire fleet to electric by 2040. Parameswaran has been instrumental in key partnerships and investments, including a $20 million investment in fleet partner Everest Fleet in India and a partnership with Tata Motors for electric vehicle deployment. He will be relocating to New York for his new role.

Indian origin executives drive Uber's global tech leadership shakeup

Economic Times

Economic Times · 10m ago

Indian origin executives drive Uber's global tech leadership shakeup

Ride-hailing and delivery platform Uber experienced some executive turnover with two top-level engineering executives, including Anirban Kundu and Sundeep Jain, leaving the company. Kundu will be joining Instacart as their Chief Technology Officer, while Jain, who has been with Uber for six years, has stepped down. Sachin Kansal has been named as Uber's new Chief Product Officer, and Praveen Naga will take on the role of Chief Technology Officer. Uber's Indian origin executives, such as Pradeep Parameswaran, Madhu Kannan, and Revathi Advaithi, have also played important roles in the company.

Fitness App All Is Well Raises $2.5 Million

OutlookIndia

OutlookIndia · 2y ago

Fitness App All Is Well Raises $2.5 Million

Fitness app "All is Well" raises $2.5 million in funding, focusing on e-commerce within the fitness sector. The startup offers a range of wellness products and services. The raised funds will empower "All is Well" to amplify its e-commerce operations, expand its product offerings, and solidify its position in the fitness market, catering to the growing health-conscious consumer base. Bombay Shaving Company founder Shantanu Deshpande, Uber's APAC Head Pradeep Parameswaran and Bollywood actor Abhishek Banerjee participated as angel investors

Zepto sees another top-level exit, VP Jitendra Bagga quits

Inshorts · 8m ago

Zepto sees another top-level exit, VP Jitendra Bagga quits

Top-level exits at Zepto continue as Jitendra Bagga has quit as the vice-president of central operations after spending nine months at the quick commerce unicorn, Moneycontrol reported. One of the reasons why Bagga left was because he's based in Mumbai and it was reportedly a challenge to relocate to Bengaluru. Recently, HR head Martin Dinesh Gomez also quit Zepto.

Hinduja Tech completes acquisition of TECOSIM Group

Economic Times

Economic Times · 9m ago

Hinduja Tech completes acquisition of TECOSIM Group

Hinduja Tech Ltd, a mobility-focused global engineering company and subsidiary of Ashok Leyland, has acquired engineering services provider TECOSIM Group from Germany. The acquisition aims to enhance Hinduja Tech's position as a top global mobility engineering company and strengthen its presence in Europe. TECOSIM's expertise in virtual validation and body engineering will complement Hinduja Tech's existing capabilities, allowing the company to offer a comprehensive range of solutions. With over 650 employees across multiple countries, TECOSIM's acquisition will contribute to Hinduja Tech's goal of delivering innovative and sustainable mobility solutions.

TechCrunch Mobility: How Jony Ive’s LoveFrom helped Rivian and what Uber’s next-generation playbook looks like | TechCrunch

TechCrunch · 2m ago

TechCrunch Mobility: How Jony Ive’s LoveFrom helped Rivian and what Uber’s next-generation playbook looks like | TechCrunch

TechCrunch Mobility focuses on transportation innovation, highlighting partnerships and developments in EVs, AVs, and mobility services. Recently, Rivian collaborated with Jony Ive's firm, LoveFrom, integrating creative insights into EV design. Joby Aviation and Abdul Latif Jameel consider a distribution deal for 200 aircraft in Saudi Arabia, while Uber's management shifts emphasize autonomy and technological integration. Redwood Materials exited a costly DOE loan process, opting for private funding to further its EV battery endeavors. Various startups in AI, mobility, and logistics reveal dynamic advancements in the transportation sector.

BharatPe makes another management rejig across verticals

Entrackr

Entrackr · 1y ago

BharatPe makes another management rejig across verticals

Fintech firm BharatPe is going through another transformation to strengthen the leadership team across three verticals, sources aware of the development told Entrackr. For the uninitiated, BharatPe runs three entities – Resilient Innovations Private Limited (merchant app), Resilient Payments Private Limited (Payment unit), and Resilient Digi Services Private Limited (lending unit). Sandeep Indurkar will now step up as the CEO of the payments vertical, one of the sources told Entrackr. Indurkar was earlier chief business officer of the banking vertical at the company. Also Read: BharatPe to launch new entity BharatPe Money for lending vertical As per sources, Kohinooor Biswas will now manage loyalty division Zillion (part of RDSPL) in addition to his existing responsibilities. “Rijish Raghavan, who was earlier acting as CEO of Zillion, will now head BharatPe’s device business,” added another source. Sources also further said that the trio will continue to report to Nalin Negi, the interim CEO of BharatPe. In a nutshell, Indurkar will be heading the payment unit (RPPL), Kohinoor will be heading RDSPL, and Nalin will continue to lead the merchant unit (RIPL). A BharatPe spokesperson confirmed the development but did not comment further. Amid high profile exits in 2023, BharatPe also announced key hirings during the last year. In July, it appointed Pankaj Goel as its chief technical officer (CTO). The company filled the position of CTO after a gap of seven months whereas its CFO Nalin Negi has been acting as an interim CEO since January last year. The new changes in leadership came soon after BharatPe completed its $100 million debt round from InnoVen Capital and Credit Saison. Entrackr exclusively reported the development in January. Financially, BharatPe is also getting back on track as the firm recorded its first profitable month in October 2023. The company claimed that its annualized revenue crossed Rs 1,500 crore, marking over 30% growth as compared to FY23. In FY23, it crossed Rs 1,000 crore revenue mark while its EBITDA loss went up 9% to Rs 772 crore.

Dealshare cofounders Vineet Rao, Sankar Bora exit post rejig

Economic Times

Economic Times · 1y ago

Dealshare cofounders Vineet Rao, Sankar Bora exit post rejig

Vineet Rao and Sankar Bora, the co-founders of e-commerce platform Dealshare, have left the company amid job cuts and business restructuring. Rao, who previously served as CEO, stepped down in July and was supposed to assist in hiring a new CEO before leaving. Bora, the former COO, has also moved on. Dealshare, backed by investors including Tiger Global and Alpha Wave, recently closed its B2B business and has undergone staff reductions. The company is currently looking for a new CEO.

Flipkart elevates Akash Jain to Marketing Director

Inshorts · 5m ago

Flipkart elevates Akash Jain to Marketing Director

Flipkart has elevated Akash Jain to Director of Marketing, Head of Media. With nearly seven years at Flipkart, Jain will now oversee digital and ATL media strategies across key verticals, including Flipkart Minutes. His leadership is expected to drive brand positioning, consumer engagement, and innovative marketing strategies in India's competitive e-commerce landscape.

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