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News on Medial
Yubi Group Rejigs Top Deck With New Tech, Business And Product Heads
Inc42
·
1y ago
Medial
Yubi Group has announced significant leadership appointments within its group companies, including Yubi, Corpository, and Aspero. The appointed executives are existing employees who have been with the company for a minimum of two years. Additionally, the fintech platform has expanded its stock option plan, adding 22 lakh shares in the current quarter, bringing the total stock pool value to approximately INR 1,000 crore.
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Yubi Group rejigs top management to aid expansion
YourStory
·
1y ago
Medial
Chennai-based fintech unicorn Yubi Group has made several key appointments within its group companies. Bharat Krishnamurthy has been promoted to the Chief Technology Officer position for lending platform Yubi and fixed-income investment platform Aspero. Ramesh Ramanathan has been made Deputy Chief Financial Officer for the group, Anand Narayanan has been appointed Chief Product Officer of Yubi and SaaS platform Corpository, and Amitesh Bhattacharya will serve as the Group General Counsel. Yubi Group has been expanding its market presence and increasing client engagement to drive revenue growth. They have recently hired over 90 people and added shares to their stock option plan.
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Flipkart rejigs top deck amid fresh funding round
The Arc Web
·
1y ago
Medial
Flipkart, the Indian e-commerce firm, has experienced a significant shakeup in its senior leadership team, with 25% of its senior vice presidents resigning. The departures include key leaders such as the heads of marketplace and categories, fintech and payments, growth and retention, and data centers. Concurrently, Flipkart has reassigned an executive to lead its high-margin advertising business and launched a fintech vertical called Super.money. These changes come as the company aims to achieve profitability and navigate a slowdown in demand following the pandemic.
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BharatPe Rejigs Top Brass; Sandeep Indurkar To Head Payments
Inc42
·
1y ago
Medial
Fintech company BharatPe has made significant changes in its top management, with Sandeep Indurkar being promoted as the CEO of the payment vertical and Rijish Raghavan taking charge of the device business. The reshuffle follows a series of top-level exits including CEO Suhail Sameer and CPO Ankur Jain. The three new appointments will report to interim CEO and CFO Nalin Negi. BharatPe offers various consumer-facing services and has raised $820 million in funding so far. The company has been embroiled in legal disputes and controversies over the past two years.
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OYO Rejigs Operations, Tech, Revenue Leadership To Drive International Biz
Inc42
·
9m ago
Medial
- Abhinav Sinha, Global COO and chief product officer of OYO, to transition to an advisory role from January 2025. - Rachit Srivastava appointed as the new COO of OYO's vacation homes business in Europe, replacing Ayush Mathur who will depart to pursue his own venture. - Sonal Sinha promoted to the role of COO - International at OYO. - Pankhuri Sakhuja appointed as the head of German home listings business Traum and coworking platform Innov8 at OYO. - Ayush Mathur, former COO of OYO's vacation homes business in Europe, leaving the company to launch his new venture.
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Freshworks rejigs CEO Girish Mathrubootham’s stock award
The Arc Web
·
1y ago
Medial
The board of Freshworks has revised the stock-based compensation for its top leadership, including CEO Girish Mathrubootham and President Dennis Woodside. The board has canceled a performance-based stock award of 6 million shares granted to Mathrubootham during the company's IPO. However, a stock award of 3 million shares granted to Mathrubootham remains unchanged. The revision was made due to macroeconomic conditions, and the new stock awards for the management team are structured to vest over the next four years. Other executives receiving stock awards include Woodside, CFO Tyler Sloat, and Chief Product Officer Srinivas Ramamurthy.
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10 Essential Elements Startups Require To Help Create An Impactful Investment Pitch Deck
Inc42
·
1y ago
Medial
Crafting a compelling pitch deck is crucial for startups seeking investment. The key aspects to include are: an impactful mission statement, highlighting the problem being solved and the current market opportunity, showcasing the product with visuals and features, mapping the customer journey, differentiating from competitors, presenting the business and revenue model, outlining the product timeline, demonstrating the market size and potential, detailing marketing strategies, showcasing the founders and management team, and concluding with a clear funding request. A well-designed pitch deck can captivate investors and secure funding for startup growth.
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Lendingkart Joins Hands With Tata Capital To Boost India’s MSME Lending Play
Inc42
·
10m ago
Medial
Fintech startup Lendingkart has joined forces with Tata Capital to provide unsecured business loans to MSMEs using its 2gthr platform. Lendingkart's 2gthr has already facilitated over 300,000 loans and has partnership agreements with 30 financial institutions, including Tata Capital. Additionally, Lendingkart has been collaborating with Yubi Group, formerly known as CredAvenue, for over a year to co-lend business loans to MSMEs through its platform.
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MyGate rejigs senior leadership, elevates Abhishek Kumar as CEO
Economic Times
·
1y ago
Medial
Housing society management app MyGate has announced changes to its management team. Abhishek Kumar, co-founder and former COO, has been promoted to CEO, while co-founder Vijay Arisetty has become the Chairman of the Board. The company has stated that Arisetty will provide strategic guidance and mentorship to the leadership team. Shreyans Daga, co-founder and CTO, will expand his role to oversee product, technology, and new business initiatives. Rohit Jindal, who joined the company in 2017, has been promoted to Chief Business Officer. MyGate reported revenue of over Rs 100 crore in FY24, primarily from subscriptions and advertising partnerships.
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Focus on business problems, not tech: Licious CTPO Ajit Narayanan
YourStory
·
9m ago
Medial
Startups should prioritize solving business problems rather than obsessing over technology in their early stages of growth, according to Ajit Narayanan, Chief Technology and Product Officer at Licious. Narayanan advised entrepreneurs to identify business challenges, establish product-market fit, and then implement the right technology. He stressed the importance of having a strong technical partner who understands how to craft the right technology solution. Narayanan also warned against the pitfalls of focusing solely on technology without aligning it with business needs. The panel discussion also featured insights from CPTOs of Yubi and Swiggy on integrating AI and driving innovation through automation.
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Exclusive: Fintech unicorn Yubi adds fresh ESOPs worth $26 Mn
Entrackr
·
11m ago
Medial
Fintech unicorn Yubi (formerly CredAvenue), which provides loans to businesses, has added fresh employee stock option (ESOP) options for its employees under its existing and new ESOP plans. The board at Yubi has approved a special resolution to add 22,00,000 employee stock options to its new and existing plan, bringing the total ESOP pool to 60,08,920 options, its regulatory filing accessed through the Registrar of Companies (RoC) shows. Yubi has added 11,00,000 new stock options to its existing 2022 ESOP plan, bringing the total to 4,908,920 options. The company has introduced a new 2024 ESOP plan with another 11,00,000 options, a separate filing with the RoC shows. The filing further added that expanding the ESOP pool is an attempt to attract and retain talents working with the company. According to TheKredible’s estimates, the newly added ESOP options are worth around $26 million while the company’s total ESOP plan stood at $70 million. Yubi turned unicorn in March 2022 after a $135 million Series B round led by Insight Partners, Dragoneer Investment Group, and B Capital Group. Last year, its valuation touched $1.5 billion after secondary sale. For the uninitiated, Yubi’s platform connects businesses seeking loans with financial institutions and other investors. Its solutions include vendor and dealer financing, and a bonds marketplace that provides access to exclusive primary and secondary bonds. In July, Yubi led a Rs 150 crore debt round for Infra. Market and also participated in a debt round for Auxilo. Entrackr exclusively reported both developments. The Vivriti-backed company almost doubled its revenue to Rs 328 crore in FY23. However, in its pursuit of growth, the firm’s losses spiked more than eight-fold to Rs 482 crore during the same period. The Bengaluru-based firm is yet to file annual financial statements for FY24.
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