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ShareChat appoints Google’s Neha Markanda as CBO

EntrackrEntrackr · 11d 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.

Globalbees CEO Nitin Agarwal resigns, Anuj Jain takes over

EntrackrEntrackr · 4m ago
Globalbees CEO Nitin Agarwal resigns, Anuj Jain takes over
Medial

Globalbees CEO Nitin Agarwal resigns, Anuj Jain takes over According to a regulatory filing, Agarwal officially ceased to be a director of Globalbees and a senior management personnel of Brainbees Solutions as of April 24. Brainbees Solutions Limited, the parent company of FirstCry, has announced a key leadership change at its subsidiary, Globalbees Brands Private Limited. Nitin Agarwal, who served as the CEO and director of Globalbees Brands, has stepped down from his role due to personal reasons. According to a regulatory filing, Agarwal officially ceased to be a director of Globalbees and a senior management personnel of Brainbees Solutions as of April 24. He will, however, support transition activities until May 23, 2025. Stepping into the role is Anuj Jain, who has been appointed as the new CEO of Globalbees Brands and designated as a senior management personnel of the company. Jain currently serves as the chief business officer (CBO) of FirstCry’s pre-school segment and senior vice president of marketing. A part of the company’s leadership team since July 2012, Jain brings over 23 years of industry experience, having previously worked at ITC and L'Oréal. E-commerce roll-up firm GlobalBees last raised $18 million in a debt round from Avendus in February 2024. To date, the company has secured over $270 million in funding, including a $111 million Series B round in December 2021, which propelled it to unicorn status. In FY24, the FirstCry group recorded a 15% year-on-year increase in revenue from operations to Rs 6,481 crore, with GlobalBees contributing Rs 1,209 crore to the group’s total revenue.

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