India’s ecommerce companies Flipkart and Snapdeal, which are struggling to raise fresh funds, have reportedly slashed hiring. As the two companies focus more on discounts and advertising, they seek to cut losses amid a sharp slowdown in sales growth. According to sources, Flipkart’s chief executive Binny Bansal has asked new human resources head Nitin Sethi to directly look at all hires at mid and senior levels. Sethi is asking all business unit heads to justify hiring more people and is only allowing recruits that are judged to be “absolutely necessary”.
Also, Migme Limited, a Singapore-based digital media multinational-backed by Chinese giants FIH Mobile (Foxconn) and imaging app specialist Meitu, plans to triple its India headcount in 12 to 18 months in a push to make India one of its key markets.
Let Us Have A Look At Key Hires This Week:
Manish Dugar Quits InMobi; Joins Practo
Healthcare startup Practo appointed Manish Dugar as its global CFO. Dugar will be responsible for scaling businesses across geographies. He was earlier CFO at mobile ad network InMobi. Prior to that, he was the group CFO at RPG Enterprises and also held a variety of senior roles over a 10 year period with Wipro Technologies, as a CFO for the company’s IT Business and the CEO for its BPO business globally. Manish holds an MBA from IIM-Calcutta and is also a member of the Institute of Chartered Accountants of India, ICWAI and the Institute of Company Secretaries of India (ICSI).
Housing.com Appoints Dilip Tuli As Senior VP
Realty portal Housing.com announced the appointment of former KPMG Director Dilip Tuli as Senior Vice President-Strategy and New Business Initiatives. He will assist with strategy and oversee new business initiatives such as transaction facilitation and fulfillment services. Tuli, who graduated from the Shri Ram College of Commerce, Delhi University, is a chartered accountant and a CFA Charter from CFA Institute. He has nearly 15 years of consulting experience of working across many different businesses.
Tanmay Saksena Quits Zomato; Joins 1mg As COO
Zomato’s chief product officer Tanmay Saksena, who quit the restaurant discovery platform earlier this year, is joining healthcare startup 1mg as its chief operating officer (COO). Saksena’s departure came barely a year after he joined Zomato. He has spent four years at Disney Social Games as vice-president (studio operations), based in Palo Alto, California. He has spent a decade in Silicon Valley and returned to India in January 2015 to launch Zomato’s food ordering business.
Doctor Insta Hires Nitin Dua As COO
Tele-medicine platform Doctor Insta has appointed Nitin Dua as Chief Operating Officer. Nitin has completed his M.Sc, in Electrical Engineering from Stanford University. Dua held the position of senior management and technology consultant at PwC for Healthcare (new entrants, pharma,life-sciences and health services). He also has over 20 years of experience in high-tech & consumer products & services with a primary focus in strategy, growth, innovation, customer, business models, operations & product launch for growth stage startups through Fortune 100 clients. Additionally, he has served roles in business development and recruiting.