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The Moms Co Founder Mohit Sadaani Joins DeVC As Managing Director
Inc42
ยท
11m ago
Medial
Mohit Sadaani has joined DeVC as its managing director after two years of working as an angel investor. DeVC is an early-stage venture capital firm that supports startups at various levels. Sadaani has previously invested in 30 startups, including Perfora, Zippee, BizUp, My Muse, and Ripik.ai. Founded in 2022, DeVC positions itself as a fund established by founders, operators, and early investors.
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Fitness startup WTF raises Rs 1.05Cr in an angel funding round
IndianStartupNews
ยท
1y ago
Medial
Fitness technology platform, Witness The Fitness (WTF), has secured a seed funding of INR 1.05 crore in an angel investment round led by prominent investors including Mohit Sadaani of The Moms Co., Deep Bajaj from Sirona, and Naiyya Saggi. WTF aims to enhance fitness accessibility and quality in India, particularly in Tier II and III cities. By leveraging artificial intelligence (AI), the startup plans to convert existing gyms into advanced "WTF Gyms" with a minimal investment of INR 2-3 lakh, benefiting both gym owners and members.
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Geetika Mehta joins Nivea as MD
Livemint
ยท
1y ago
Medial
Nivea India has appointed Geetika Mehta as its new managing director. Mehta, who previously served as the managing director at Hershey India, brings extensive experience in the FMCG sector. Nivea aims to leverage Mehta's expertise in developing businesses and managing large-scale corporations across markets. The company's objective is to provide consumers with superior product quality aligned with its care proposition. Nivea is a subsidiary of Beiersdorf AG and offers a range of personal care brands.
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SunSource Energy set for leadership change as co-founder and CEO steps down
VCCircle
ยท
1y ago
Medial
Renewable energy company SunSource Energy is undergoing a leadership change as co-founder and CEO Kushagra Nandan steps down to pursue a new venture. Nandan, who co-founded the company in 2010, will continue to serve as a non-executive member. The company is expected to appoint a new managing director and CEO in the near future.
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Tech Mahindra ex-CEO CP Gurnani joins upGrad's board
Inshorts
ยท
1y ago
Medial
Former Tech Mahindra CEO CP Gurnani has joined edtech unicorn upGrad's board of directors. He has been appointed as an independent non-executive director on the board. Gurnani retired from his position as Chief Executive Officer and Managing Director at Tech Mahindra last month after working with the company for 19 years.
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upGradโs Mayank Kumar quits as edtech consortium chairperson, PhysicsWallah's Maheshwari to take over
Money Control
ยท
1y ago
Medial
Mayank Kumar, the co-founder and managing director of upGrad, is stepping down from his role as the chairperson of the India Edtech Consortium (IEC), a self-regulatory body aimed at resolving consumer complaints in the edtech industry. Kumar cited a desire to focus more on operations at upGrad as the reason for his decision. Prateek Maheshwari, co-founder of PhysicsWallah, will replace Kumar as the chairperson. The IEC was formed in 2022 and claims to represent 95% of the Indian learner community.
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VCs Should Focus On A Startupโs Revenue Growth And Not Unicorn Tag: Peak XVโs Mohit Bhatnagar
Inc42
ยท
11m ago
Medial
Peak XV Partners (formerly Sequoia Capital India and SEA) managing director Mohit Bhatnagar emphasized that revenue scale is more important than valuation for the venture capital firm. Bhatnagar mentioned that the "unicorn" tag is merely a marketing label and does not impact their investment decisions.
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Rustam Mulla joins Veritas Legal as Senior Partner, to bolster real estate and disputes practice
Economic Times
ยท
24d ago
Medial
Rustam Mulla, a seasoned lawyer and former managing partner at Desai Desai Carrimjee & Mulla, has joined Veritas Legal as a senior partner. An alumnus of Government Law College, Mumbai, Mulla has over three decades of legal experience and was a co-founder of his previous firm. His addition to Veritas Legal is expected to strengthen their real estate, dispute resolution, and corporate practice areas, highlighting the dynamic movements within Mumbai's legal landscape.
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Founders who cross the line on governance should face jail time: Mohit Bhatnagar of Peak XV Partners
Money Control
ยท
2y ago
Medial
Mohit Bhatnagar, Managing Director of Peak XV Partners, stated that founders who violate governance standards should be held accountable and face imprisonment. He emphasized the importance of maintaining high ethical standards in business and argued that stricter penalties, including jail time, should be imposed on founders who cross the line. Bhatnagar emphasized the need for a robust governance framework in the corporate sector.
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Former Microsoft executive Vijayant Rai joins Snowflake as new India MD
Inc42
ยท
1y ago
Medial
Vijayant Rai, former executive director at Microsoft India, has been appointed as the new managing director for India at Snowflake, a data cloud company. In his new role, Rai will be responsible for driving business growth and the go-to-market strategy for Snowflake in the country. Prior to joining Snowflake, Rai served as the country leader for the BFSI industry segment at Microsoft India. With his vast sales experience, Rai will oversee strategy, sales, and execution, and drive the adoption of Snowflake's data cloud across various industries in India.
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Ashwin Dani, co-founder Asian Paints, passes away at 79
Livemint
ยท
1y ago
Medial
Ashwin Dani, the Co-founder and Non-executive Director of Asian Paints, passed away at the age of 79. Under his leadership, Asian Paints expanded its operations globally and became one of the leading paint companies worldwide. Dani was known for introducing a computerized color mixing program in India. He joined Asian Paints in 1968 and served as the vice-chairman and managing director from 1998 to 2009. Apart from his business achievements, Dani was a yoga practitioner and had an interest in collecting art. The family's net worth is estimated at โน68,000 crore.
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