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MyGate elevates co-founder Abhishek Kumar as CEO

EntrackrEntrackr · 1y ago
MyGate elevates co-founder Abhishek Kumar as CEO
Medial

Community management app MyGate has announced senior management changes as it elevated co-founder Abhishek Kumar, who was previously the chief operating officer, to the position of chief executive. Meanwhile, co-founder Vijay Arisetty, who previously served as the chief executive, has now taken the role of chairman of the board. According to the company, Arisetty will guide the team on the firm’s strategic direction and continue to mentor the leadership team. Co-founder and chief technology officer Shreyans Daga will now have an expanded role overseeing product, technology, and new business initiatives. Founded in 2016 by Kumar, Arisetty and Daga, the company had raised Rs 100 crore ($13 million) in a funding round co-led by Urban Company and Acko in 2022. Entrackr exclusively reported the development. Last month, the firm announced employees stock buyback program for more than 50 employees. The buyback came on the back of improved financial results for the Bengaluru-based company in the last and current fiscal year. Additionally, Rohit Jindal, who has been with the company since 2017, has been elevated to the role of chief business officer. MyGate recently claimed that its revenue crossed Rs 100 crore in FY23, a 35% increase from the previous fiscal. The company’s investors include Tencent, Tiger Global, and Xto10X, among others.

Mamaearth-parent elevates Karan Bajwa and Avinash Dhagat to CXO roles

EntrackrEntrackr · 3m ago
Mamaearth-parent elevates Karan Bajwa and Avinash Dhagat to CXO roles
Medial

Honasa Consumer Limited, the parent company of personal care brand Mamaearth, has announced the elevation of two of its senior executives to top leadership positions, effective April 24. Karan Bajwa, who has been serving as Senior Vice President – Human Resources, has been promoted to Chief Human Resources Officer (CHRO). Meanwhile, Avinash Dhagat, formerly Senior Vice President – Supply Chain, has been elevated to Chief Supply Chain Officer (CSCO). With these promotions, both Bajwa and Dhagat are now designated as senior management personnel of the company. Bajwa joined Honasa in April 2021 and brings experience from leading companies such as Airtel and Reckitt. Dhagat, also with Honasa since April 2021, has previously held key roles at L’Oréal, Supermax, and Ashok Leyland. The development comes soon after the resignation of Anuja Mishra as Chief Marketing Officer (CMO) of Honasa. According to the circular filed by Honasa earlier this month, Varun Alagh, CEO and whole time director of the company, will be the interim charge of CMO. In Q3 FY25, Mamaearth returned to profitability with Rs 26 crore profit after tax and 5.9% YoY increase in its revenue to Rs 517 crore from Rs 488 crore in Q3 FY24.

Unacademy elevates Arooshi Singh as Head of HR

EntrackrEntrackr · 9m ago
Unacademy elevates Arooshi Singh as Head of HR
Medial

Edtech company Unacademy is undergoing several high-level appointments. In the latest development, Arooshi Singh has been promoted from Director of People Experience and Culture to Chief People Officer at the Bengaluru-based firm. “I’m thrilled to share that Arooshi Singh, who has been with us for over seven incredible years, is being promoted to Head of HR,” said Gaurav Munjal, CEO and co-founder of Unacademy, in a Slack message to employees on Monday, as reviewed by Entrackr. Singh will replace Sandhydeep Purri, who was appointed as Chief People Officer of the SoftBank-backed company in November 2023. Arooshi led multiple functions across HR functions at Unacademy. She joined the company as a junior staff member for employee wellness. This marks the third promotion announced by the Munjal-led company in 2024. In January, Jagnoor Singh was elevated to Chief Operating Officer (COO) for Unacademy Centres, and last month, Abhishek Pipara was promoted to Chief Financial Officer (CFO) for the offline business. In the past year, Unacademy has also seen several senior leadership exits, including a co-founder. In August 2023, Chief Operating Officer Vivek Sinha resigned, followed by Group CFO Subramanian Ramachandran in October, and co-founder and CTO Hemesh Singh in June. Last month, Unacademy also disclosed its financial numbers for the fiscal year ending March 2024. While the company’s revenue remained flat for the said fiscal year with Rs 988 crore, it managed to reduce its losses by a whopping 62%.

People Matters elevates Pushkaraj Bidwai as new CEO

EntrackrEntrackr · 10m ago
People Matters elevates Pushkaraj Bidwai as new CEO
Medial

People Matters has promoted Pushkaraj Bidwai to chief executive officer (CEO) and board member. Bidwai, who was previously the chief business officer, is succeeding Ester Martinez, the founder and former CEO, who is stepping down after 15 years to explore personal interests. Since joining the company in 2017, Bidwai has played a key role in expanding its presence into six new countries. As a founding member, he has helped shape the company’s vision and has been preparing for this leadership role as part of a strategic succession plan. Last year, Japan-based Mynavi Corporation had acquired a majority stake in People Matters to expand Mynavi’s business in India and Asia. The company already has offices in the USA, South Korea, Taiwan, Vietnam, Philippines, Indonesia, Poland, and India. Now, Mynavi has completely acquired People Matters. Under Bidwai’s leadership, People Matters aims to become a global brand that leverages technology, data, and AI to enhance the people and work industry. Additionally, long-term team members will have the opportunity to exercise their ESOP rights and benefit from a cash-out. People Matters, based in Gurugram, provides content and research on organizational design, HR, and worktech to its community of 500,000 HR and talent leaders across India and APAC. The company primarily serves professionals aged 25 to 36 with at least three years of experience in HR.

Meta India appoints Arun Srinivas as managing director

EntrackrEntrackr · 1m ago
Meta India appoints Arun Srinivas as managing director
Medial

Meta India appoints Arun Srinivas as managing director Arun Srinivas has been appointed as the managing director and head for Meta in India. Srinivas was the director and head of the ads business for Meta India since 2022. In this role, Srinivas oversaw business strategy and revenue growth for India across all Meta platforms and for all businesses. He was part of the India leadership team and focused on strategic revenue priorities such as AI, Reels, and Messaging. This comes after Meta expanded the role of its India vice president, Sandhya Devanathan, who now also leads the tech giant's Southeast Asia business. The development was announced by Meta’s Asia Pacific head, Dan Neary. According to Meta India, Srinivas will transition to his new role from July 1, 2025, and will continue to report to Sandhya Devanathan. Srinivas was previously Ola’s chief operating officer and global chief marketing officer. He left the company in 2020, a year after he joined. A former vice president at Unilever, Srinivas had joined Ola after a stint at private equity firm WestBridge Capital, where he led its investments in the consumer vertical. His appointment comes at a time when Meta and Indian authorities have locked horns over allegations of the tech firm's anti-competitive practices in the country. In November, the Competition Commission of India (CCI) fined the company over antitrust violations and restricted the popular messaging platform WhatsApp from sharing user data with other Meta-owned applications for advertising purposes for a period of five years.

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