SUMMARY
Flipkart has promoted Rishi Vasudev to lead the lifestyle and fashion categories of Myntra-Jabong
Kalaari Capital has brought in three new venture partners
PaisaDukan has appointed V. Balakrishnan as a member of the Advisory Board.
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We bring to you the latest edition of Movers and Shakers of this week.
In one of the most interesting developments in the job market of the Indian startup ecosystem, Walmart-owned ecommerce company Flipkart has made yet another shuffle in its internal companies. Flipkart has promoted Rishi Vasudev, the head of its fashion department, to also lead the lifestyle and fashion categories of Myntra-Jabong.
Vasudev is now the third senior Flipkart employee to be given additional duties at Myntra-Jabong after Flipkart merged operations of the two online fashion retailers in 2018. The company has already moved Amar Nagaram to succeed Ananth Narayanan and brought in Ayyappan R to head category management at Myntra.
On the investors’ front, early-stage venture capital firm, Kalaari Capital has brought in Saurav Banerjee, former co-CEO of NDTV, Sreedhar Prasad, previously the head of consumer markets and internet business advisory at KPMG India, and Devneet Bajaj, the founder of agri-tech startup MITRA, as venture partners.
The new hires will primarily mentor portfolio companies and strengthen Kalaari Capital’s investment team, which will continue to focus on fintech, health-tech, agritech, digital content, deep-tech and consumer internet startups.
Also, Muthoot Capital Services Ltd an NBFC appointed Dr. Kandathil Mathew (K M) Abraham as a non-executive independent director on the board of the company effective from January 18, 2019.
Here are the other movers and shakers of the week.
Malaysia-based global blockchain infrastructure and technology solution provider Belfrics group has appointed Kumar Kushal as the chief technology officer.
With experience of more than 15 years, Kushal has been an expert in building focused, result oriented technology teams and business development teams for global businesses by attracting and incentivizing the best global talent; driving business outcomes and revenue realisations through innovative technology solutions with differentiated product and service portfolios.
He has earlier worked with Reliance Group as CTO and is also the CTO of Tiller Capital, a New York-based multibillion-dollar investment house with a diversified portfolio in technology, financial services, telecommunications and infrastructure.
In his new role, Kushal’s mission is to grow Belfrics into a global market leader in blockchain technology-driven business solutions. He plans to hire hundreds of hands-on Java resources in Bengaluru to deliver the current business pipeline Belfrics have from USA, Africa and MiddleEast.
Mumbai-based peer-to-peer lending marketplace PaisaDukan has appointed V. Balakrishnan as a member of the Advisory Board.
Balakrishnan has held leadership positions in finance and is an expert in corporate finance, international taxation, risk management and mergers and acquisitions. Balakrishnan has founded Exfinity Venture Partners where he currently serves as a partner and chairman of the firm.
He has also worked with Finacle and Infosys, for a long time.
Stay tuned for the next week’s edition of Movers and Shakers of the week!
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