We bring to you the latest edition of movers and shakers of the week in the Indian startup ecosystem.
After raising $536K pre-Series A round last month, coworking aggregator Stylework is looking to expand its presence pan India under the guidance of a newly appointed panel of advisors. The company believes that such a move would help elevate its brand, technology as well as operations.
These advisors, who come from various backgrounds, include former Merrill Lynch and Hercules Capital executive Punit Shah as growth advisor; former WhatsApp and Google executive Ashish Bhatia’s Ashish Bhatia as technology advisor; former Reliance Infrastructure president Anil Gupta as advisor for strategy, business and corporate transformation.
Besides this, ByDesign India’s vice president Jayesh Dubey joined as strategy and south India operations advisor; former Bharti Airtel and Zomato executive Saurabh Jain as mentor in finance, Alliance Partner investor and Grid Lines CEO Sunaina Gera as west region specialisation expert for business and partnerships; and Viacom18’s former vice president Pradeep Bali as brand and PR advisor.
Stylework’s founder and CEO Sparsh Khandelwal, in a press note, said that the company aims to build better products, enhance the customer experience and provide solutions to the new working methods ranging from coworking, flexi-space to remote working.
“Having been in the industry through multiple business cycles, we are seeing a positive outlook for ourselves and the industry as businesses adapt to the new working styles. Our aim is that with strategic guidance, we become a market leader in the space, forever changing the industry, one step at a time. While our focus right now is Tier 1 and 2, we are rapidly expanding into Tier 3 cities as well to compensate for the existing gap in the market,” he added.
Gurugram-based StyleWork was founded in 2017, and currently offers flexible co-working spaces in 800+ locations via aggregator services to B2C and B2B customers. It caters to around 1.5 Lakh seats inventory and services 120+ corporates and 3,000+ freelancers/startups.
It is now looking to expand its network to new Tier I cities like Bengaluru, Mumbai, Hyderabad, Pune and Chennai.
FFS Named Former Wimbo Executive As Chief Revenue Officer
Payments processor Financial Software and Systems (FSS) has appointed Sanjoy Bose as the chief revenue officer of the South Asian region. Bose, who has three decades of experience of deep global business development, will be responsible for growing the company’s business in the South Asian region, taking a customer-centric approach and driving high-quality engagements. He was the former EVP and head of global sales at payment security and mobile payments company Wimbo. Bose has also had a 12-year stint in Silicon Valley and 8- year experience in the APAC region.
Decentro Expands Advisory Council; Appoints Product Director
Banking API integration platform Decentro has onboarded Gautam Mahesh as the director of product. Mahesh has a strong product-focused background and had earlier founded a non-profit community of product managers called The Product Tree. Prior to joining Decentro, he was working as the product lead in InCred and has also had stints in Flexiloans, Klub and few other NBFCs.
Besides this, the company has added Venkat Potluri to its growing advisory council to help in introducing large-scale and enterprise organisations that are keen to embed API Banking workflows.