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Prahlad Krishnamurthi exits Cleartrip, joins NextBuy as CEO

YourStory

YourStory · 11m ago

Prahlad Krishnamurthi exits Cleartrip, joins NextBuy as CEO

Prahlad Krishnamurthi has left his position as Chief Business Officer of Cleartrip, a travel aggregator owned by Flipkart Group, after nine years. He will now serve as the CEO of NextBuy, a Bizongo solution providing supply chain financing to businesses, including MSMEs and SMEs. During his time at Cleartrip, Krishnamurthi focused on improving customer experience and operational efficiency amidst the challenges posed by the COVID-19 pandemic. Cleartrip offers flight, train, hotel, and activity bookings across multiple countries.

Related News

In Growth Push, Bizongo Bolsters Its Raw Material & Supply Chain Finance Verticals’ Leadership With New CEOs

Inc42 · 11m ago

In Growth Push, Bizongo Bolsters Its Raw Material & Supply Chain Finance Verticals’ Leadership With New CEOs

Bizongo has made some significant leadership changes, appointing Kiran Dev as the CEO of BizongoFin and Prahlad Krishnamurthi as the CEO of BizongoBuy. The company has also added new executives to their leadership team in the roles of chief technology officer, product officer, and chief financial officer. However, the company's consolidated net loss has more than doubled to INR 291.6 Cr in FY23.

Bizongo carves out BizongoFin and BizongoBuy as new businesses

YourStory

YourStory · 11m ago

Bizongo carves out BizongoFin and BizongoBuy as new businesses

B2B ecommerce platform Bizongo has announced the separation of its raw material marketplace BizongoBuy and its supply chain finance platform BizongoFin into separate businesses. Each new business will be led by a new CEO, with Kiran Dev leading BizongoFin and Prahlad Krishnamurthi leading BizongoBuy. Bizongo aims to leverage these changes to focus on its ecommerce and embedded financing platforms for small and medium enterprises. The Mumbai-based company has raised $205 million in funding and is currently valued at $945 million.

Tiger Global-backed Bizongo beefs up top deck with former AmEx, Amazon Pay execs

VCCircle

VCCircle · 11m ago

Tiger Global-backed Bizongo beefs up top deck with former AmEx, Amazon Pay execs

Bizongo, a B2B platform backed by Tiger Global, has made several new appointments to its leadership team. Former American Express executive Gaurav Singhania has been named as the Chief Financial Officer, while ex-Amazon Pay executive Amol Wanjari has been appointed as the Chief Technology and Product Officer. The announcement comes amidst reports of a complaint filed by Bizongo against an employee for misappropriation of funds, leading to the departure of the company's CFO. Additionally, Bizongo is expanding two of its business verticals, with Kiran Dev becoming the CEO of BizongoFin, the supply chain financing arm, and Prahlad Krishnamurthi taking over as CEO of BizongoBuy, a marketplace for small and medium businesses to purchase raw materials. The company recently raised $50 million in its Series E funding round, valuing it at approximately $980 million.

Bizongo appoints CEOs, CTPO and CFO for new verticals

Entrackr

Entrackr · 11m ago

Bizongo appoints CEOs, CTPO and CFO for new verticals

E-commerce-focused packaging company Bizongo is ramping up the top deck of its raw material marketplace BizongoBuy and embedded supply chain finance platform BizongoFin with new chief executive officers (CEOs). The group has also appointed chief technology and product officer (CTPO) and chief financial officer (CFO), strengthening its senior leadership. Ex-banker Kiran Dev has been named CEO to lead BizongoFin, the fintech arm specializing in embedded supply chain financing solutions to address the $300 billion unmet SME credit needs. Prahlad Krishnamurthi has joined as the CEO to lead BizongoBuy, the integrated B2B marketplace for SMEs to buy raw materials. Last week, Krishnamurthi stepped down from the post of Cleartrip’s chief business officer (CBO). In addition, Gaurav Singhania has been appointed as the group’s Chief Financial Officer. The firm has also roped in Amol Wanjari as the group’s CTPO. He will draw on his leadership experience at Amazon and Acko to deliver an e-commerce-like experience to Indian SMEs through Bizongo’s digital platforms. In October last year, Bizongo had raised $50 million in its Series E funding round led by existing investor Schroder Adveq. Soon after the fundraise, it also acquired FactoryPlus, a digitisation app for MSME factories. Bizongo’s revenue from operations grew 98.6% to Rs 166.86 crore in FY23 while its losses spiked 173.1% to Rs 291.57 crore during the same period. Its FY24 numbers are yet to be disclosed.

Flipkart CEO Kalyan Krishnamurthy confirms SVP exits in communication to staff

Economic Times

Economic Times · 1y ago

Flipkart CEO Kalyan Krishnamurthy confirms SVP exits in communication to staff

Four senior vice presidents (SVPs) are set to leave Flipkart, according to an internal communication from CEO Kalyan Krishnamurthy. The departing SVPs include the heads of Cleartrip, marketplace and categories, fintech and payments, and growth and retention. Krishnamurthy attributes the exits to the company's approach to career planning and enabling wealth creation. This top-level shuffle comes as Flipkart aims to increase agility and efficiency. Layoffs across the company are also underway, with 5-7% of employees impacted. The SVP cohort has experienced significant turnover over the past year.

Cleartrip appoints Anuj Rathi as chief business and growth officer

Economic Times

Economic Times · 1y ago

Cleartrip appoints Anuj Rathi as chief business and growth officer

Anuj Rathi has been appointed as the Chief Business and Growth Officer of Flipkart's travel booking unit, Cleartrip. Rathi, a former Flipkart executive, was most recently the Chief Product and Marketing Officer at fintech firm Jupiter. He replaces Ayyappan R, who left earlier this year. Cleartrip had been without a CEO since Ayyappan's departure. Rathi expressed eagerness to immerse himself in the travel industry and work closely with the Cleartrip team. This appointment is part of a series of top-level changes at Flipkart as the company focuses on profitability and prepares for a possible public listing.

Flipkart-owned Cleartrip announces its new captain, onboards MS Dhoni as brand ambassador

IndianStartupNews

IndianStartupNews · 1y ago

Cleartrip, the travel ticket booking platform owned by Flipkart, has announced cricketer Mahendra Singh Dhoni as its new brand ambassador. The appointment is aimed at enhancing Cleartrip's brand ethos of transparency and straightforwardness, as well as expanding its customer base. Dhoni's association with Cleartrip is part of the company's 'ClearChoice' campaign, which aims to simplify decision-making in travel. With Dhoni's universal appeal, Cleartrip hopes to become the go-to travel companion for a diverse range of travellers and reinforce its position as a trusted travel partner.

Sam Altman Joins Microsoft

The Verge

The Verge · 1y ago

Sam Altman Joins Microsoft

Former OpenAI CEO Sam Altman, dismissed by the board due to a lack of confidence, is now joining Microsoft's new advanced AI research team alongside co-founder Greg Brockman. Despite negotiations for Altman's return to OpenAI failing, Microsoft CEO Satya Nadella announced their appointments, expressing excitement about the new AI team. OpenAI's interim CEO, Emmett Shear, replaces Mira Murati. Altman had negotiated to return as CEO, but OpenAI's board remained unchanged, prompting his move to Microsoft.

Nearly 20 Indian startup CEOs quit their posts in 2023 so far

Entrackr

Entrackr · 1y ago

Nearly 20 Indian startup CEOs quit their posts in 2023 so far

Around 20 Indian startup CEOs have left their positions within the first eight months of 2023, a noticeable increase compared to previous years. Fintech and edtech sectors have seen significant CEO exits, driven by factors such as financial wrongdoings and company transitions. Companies like BharatPe and DealShare faced both CEO departures and layoffs. The trend started in 2022 when BharatPe and Zilingo saw top level exits including their former CEO & MD Ashneer Grover and CEO Ankiti Bose.

Cleartrip names Manjari Singhal as Chief Growth and Business Officer

YourStory

YourStory · 4m ago

Cleartrip names Manjari Singhal as Chief Growth and Business Officer

Cleartrip appointed Manjari Singhal as Chief Growth and Business Officer, succeeding Anuj Rathi who led significant company growth and campaigns. Singhal, currently at Flipkart, brings expertise in consumer behavior and strategic leadership. Ajay Veer Yadav from Flipkart expressed confidence in Singhal's ability to drive Cleartrip's expansion. Cleartrip reported a 96% revenue increase in FY24 despite higher expenses. Additionally, Aditya Agarwal will step down as CFO after nine years for personal reasons.

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