HRtech Platform Rippling Ropes In Former Walmart Executive Mrinal Chatterjee As SVP And India Head

SUMMARY

In his new role, Chatterjee will head Rippling’s team in Bengaluru and will be responsible for driving regional growth and product expansion

Before joining Rippling, he was the vice president for engineering, global marketplace and fulfillment service at Walmart from 2018 to 2024

In 2022, Rippling's valuation stood at $11.25 Bn, making it a decacorn

Workforce management platform Rippling has roped in engineering industry veteran Mrinal Chatterjee as senior vice president of engineering and head of its Indian arm.

In his new role, Chatterjee will head Rippling’s team in Bengaluru and will be responsible for driving regional growth and product expansion, the company said in a statement.

With over 30 years of experience, Chatterjee has worked with several companies, including Walmart, Amazon, ShopClues, Contenix and RowNine among others.

Before joining Rippling, he was the vice president for engineering, global marketplace and fulfillment service at Walmart from 2018 to 2024.

Prior to that, he served as the tech director at Amazon India Payments.

“With Rippling now serving the Indian market, and Asia Pacific more broadly, Mrinal will lead the expansion of our Bengaluru-based engineering, support, and sales operations to support that growth,” said Rippling’s cofounder and chief executive officer Parker Conrad.

The development comes at a time when Rippling recently secured $200 Mn funding at a valuation of $13.5 Bn, said the company in a release. The company counts Kleiner Perkins, Founders Fund, Sequoia, Greenoaks, and Bedrock among its key investors.

This new appointment aligns with company’s strategy to deploy the fresh capital in expanding the Indian workforce across various departments

In 2018, the San Francisco – headquartered company inaugurated its first India-based office. Currently, it claims to have achieved 400% workforce growth in the country with over 500 employees across various divisions.

In 2022, the company’s valuation stood at $11.25 Bn, making it a decacorn.

Founded by Conrad and Prasanna Sankar in 2016, Rippling streamlines business operations like human capital management, payroll, IT and finances with its unified platform. The company offers its services across different sectors including tech, retail, manufacturing and healthcare among others.

It is pertinent to note that India’s HRtech space is growing with some key startups including Keka, Erekrut and Darwinbox and others. In 2022, Darwinbox’s valuation crossed the $1 Bn mark, making it the third Indian unicorn that year.

As per a report, the India HRtech market size reached $ 1.4 Bn in 2023. Further the market is expected to reach$ 2.1 Bn by 2032, exhibiting a growth rate (CAGR) of 8.3% during 2024-2032.