Important Movers and Shakers Of Indian Startup Ecosystem This Week

SUMMARY

NestAway is finding itself in the middle of a major structural overhaul

PayU India MD and cofounder Shailaz Nag has resigned from his role

LinkedIn appointed Ashutosh Gupta as country manager for India

We bring to you the latest edition of movers and shakers of the week in the Indian startup ecosystem.

Bengaluru-based home rental startup NestAway is finding itself in the middle of a major structural overhaul. The four-year-old company is seeing changes in the leadership as well as future growth plans. Reportedly, one of the cofounders of NestAway, Deepak Dhar, is leaving the company to set up a new fintech venture. He along with his former Citrus Payment executive will start a new company to develop fintech solutions.

Here’s a look at other movers and shakers of the week!

Shailaz Nag Quits PayU India

PayU India founder and managing director Shailaz Nag has reportedly resigned from his role. His exit marks yet another top-level exit at the digital payments company.

Nag is expected to be looking at opportunities in the payments space. PayU has seen senior management churn over the last few months.

After the acquisition of Citrus Pay in 2016, cofounder Rau assumed charge as PayU India CEO and Gupta became an MD. Rau took up a broader role as the head of financial technology partnerships and investments for Naspers’ fintech business.

LinkedIn Appoints Ashutosh Gupta As Country Manager For India

LinkedIn has elevated Ashutosh Gupta as Country Manager for India, effective September 2, 2019.

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Ashutosh is an experienced sales leader, and brings with him two decades of experience in the Internet and IT & Software Services industries across firms such as Google, Cognizant, and Infosys. He joined LinkedIn in 2013 to lead LinkedIn’s Marketing Solutions (LMS) in India, where he scaled the enterprise business. In 2016, he moved to Singapore to build LMS’s Online Sales Organisation (OSO) for Asia Pacific and China.

Ashutosh will report to Olivier Legrand, LinkedIn’s Managing Director for the Asia Pacific region and will join the company’s APAC senior management team. He will relocate to India from Singapore to assume his new responsibility. In addition to his country manager role, he will continue to lead the LMS Online Sales Organization for APAC and China.

Ashutosh will be replacing Mahesh Narayanan, who was Country Manager for India from January 2019 to June 2019.

OLX Cash My Car Gets Its General Manager

OLX has appointed Bhaskar Bagchi as General Manager for OLX Cash My Car, a Naspers-backed initiative for pre-owned cars. Bhaskar will spearhead the India operations for the venture and will spearhead the strategy and growth of the company.

Bhaskar has 25+ years of diverse experience and expertise in setting up and handling large operations across ecommerce companies, banking, insurance, BPO/KPO, and scaling businesses with excellence.

Prior to joining OLX Cash My Car, he served as the Chief Business Officer for PropTiger and was instrumental in the exponential growth of the company and guiding it to its operational break-even. Previously, he served in various leadership roles at IBM Daksh, India Homes, Citibank, Tata AIG Insurance and Standard Chartered Bank.

Bhaskar holds an MBA degree in Finance and Marketing from IIM Ahmedabad.

Stay tuned for the next week’s edition of Movers and Shakers Of The Week!