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.
Related Article: InMobi CFO Manish Dugar Quits; Joins Practo
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.
Pearson Executive Joins Wooqer
Wooqer, a platform primarily designed to drive communication & engagement across cross-functional, geo-distributed enterprise groups, announced that Ritesh Handa has joined the company as President – Operations, Finance & Corporate Development. He will directly report to Wooqer’s founder and CEO, Vishal Purohit. He will be responsible for thought leadership by executing business strategies and operating plans. Prior to this, Ritesh was working in a leading Indian publisher Pearson Education India. He has over 15 years of experience working in companies like Microsoft, GE and Rockwell Automation. He is a passionate finance and operations senior executive with diversified business and management experience. He holds Master in Business Administration from Faculty of Management Studies – Delhi and is also a Chartered Accountant from Deloitte.
DigitalOcean Hires Country Manager in India
DigitalOcean, the cloud computing platform, announced the appointment of Prabhakar Jayakumar as the India Country Manager. In his new role, Prabhakar will use DigitalOcean’s offerings to help grow and support the local startup ecosystem, continuing the company’s mission of empowering software developers and startups around the world. Prabhakar’s key responsibilities will be building localized go-to-market strategies to increase DigitalOcean’s awareness. He will also actively be looking at securing partnerships and building key relationships with developers in the community, as the company gets ready to launch its first data center in Bangalore this summer. Prabhakar is an alumnus of IIM Bangalore and NITK Surathkal and comes with rich industry experience. Prior to joining DigitalOcean, Prabhakar was associated with Amazon where he was responsible for building Amazon’s businesses in India.
RentoMojo Gets A New VP Growth Marketing
RentoMojo, online rental solutions company, announced the appointment of Tina Datta Nayak as VP Growth Marketing. At RentoMojo, Tina will lead to build innovative marketing strategies that will include building brand identity and personality, effective content marketing, performance and product marketing. She will be working towards building a highly engaged brand from all consumer touch points. With 11 plus years of experience in building, brands and implementing integrated go-to-market strategies across online & offline channels. Tina has previously worked with Zipdial, Jobspire, Ignitee and co-founded NaturalMantra.com. She has also been associated with Contract Advertising where she managed finances and was responsible for creative conceptualizing.
Healthenablr Ropes In Renowned Us Oncologist
Dr. Ajith Puthillath, a renowned oncologist from the US, has joined Healthenablr as the Chief Medical Informatics Officer (CMIO) of the company. In his capacity as CMIO, Dr. Puthillath will take on advising and overseeing the clinical operations of the company. Dr. Puthillath, MD is a practicing medical oncologist based out of Central Valley California and is currently the co-chair of the Breast Cancer Center of excellence, St Joseph Medical Center, California and Vice Chief of Staff – Lodi Health, California. His experience also includes a fellowship in Medical Oncology and Hematology at Roswell Park Cancer Institute (RPCI), the oldest cancer center in the US. He is also at present, part of the advisory board of several health care startups based out of the US and has published numerous articles in peer-reviewed medical journals.