We bring you the latest edition of movers and shakers of the week.
Snapdeal’s Saas Subsidiary Unicommerce’s Founders Step Down
Snapdeal’s ecommerce SaaS solutions arm Unicommerce has run into a major setback. The company’s four founders have stepped down just two years after being acquired by Snapdeal’s parent company Jasper Infotech.
As per the original agreement between Snapdeal and Unicommerce, founders Ankit Pruthi, Karun Singla, Vibhu Garg and Manish Gupta were required to stay in their roles for a minimum of two years following the acquisition. Post that, they were free to move on to different ventures.
According to sources, Kapil Makhija and Ankit Khandelwal have been named as the new CEO and COO of Unicommerce, respectively. Makhija previously served as the Head of Strategy and Operations in Unicommerce, while Khandelwal worked as the Vice President.
Moglix Ropes In Bessemer Venture Partners’ Jeff Epstein For Its Advisory Board
Epstein, specialises in marketplaces, B2B SAAS and advertising technology companies. Prior to joining Moglix, he was Operating Partner at Bessemer Venture Partners and was former CFO of Oracle.
In his new role, Epstein will help Moglix strengthen ties with Oracle and bring finesse to the Moglix Digital Supply Chain Global offerings.
Moglix’s Board of Advisors has manufacturing and technology stalwarts like Tata Group Chairman Emeritus Ratan Tata, and Sailesh Rao, Ex-VP, Twitter, Ex-Google.
Jeff Epstein, with his more than 25 years of experience in senior financial and management positions at leading enterprises like DoubleClick (acquired by Google), King World Productions (acquired by CBS) and Nielsen’s Media Measurement and Information Group, has helped enterprises with product strategy and marketing efforts. Jeff’s expertise in global operations and finance will help Moglix in global outreach.
Hitachi’s Ramesh Srinivasan set to join BankBazaar as CFO
BankBazaar, the online financial marketplace, has appointed Ramesh Srinivasan as its new CFO. Ramesh comes with 22 years of experience in the Banking and Financial Services Industry (BFSI) segment.
Prior to his current role, Ramesh was Chief Financial Officer and was also in charge of business planning and strategy for BNA & CRM at Hitachi Payment Services.
A chartered accountant and cost accountant by education, Ramesh has been a part of organisations such as AT&T‚ NCR and Optimus.
Ramesh will be based in Chennai and be responsible for leading the company towards an IPO release.
Stay tuned for the next movers and shakers of the week.