We bring to you the latest edition of movers and shakers of the week in the Indian startup ecosystem.
Perpule Strengthens Its Leadership Team
Perpule, an omni-channel retail commerce company has hired two new VPs. Raag Agrawal (ex-Jio) and Praveen Prabhukumar (ex-Genpact) have been appointed as VP Small Business and VP Delivery respectively. This comes at a crucial juncture for Perpule, with their upcoming foray into the SMB market in India.
Prior to this appointment, Raag was instrumental in establishing and driving the operations of Jio Point Stores across the rural market at Reliance Jio. This was one of the biggest projects in the industry wherein more than 10K+ people were hired. His expertise in driving sales operations in rural markets will benefit Perpule’s foray into Tier-II cities.
Praveen Prabhukumar earlier held various positions at Genpact over the last decade. In his new role, he will be responsible for streamlining Perpule’s after-sales efforts and establishing higher service quality standards and driving consolidation in the POS systems market.
The Bengaluru-based startup is also hiring self-starters and tech champions to join their team in the coming months. The tech team works on interesting challenges to bring next-gen retail commerce solutions to their customers.
SW Ventures Strengthens Management Team
JSW Ventures, the private equity venture capital initiative of $14 Bn JSW Group, has appointed Sachin Tagra as Partner. Sachin’s appointment precedes the JSW Venture’s plan to mark the first close of their second fund by end of this year.
Sachin Tagra joins JSW Ventures from Network18 Group where he was heading the venture investment division Capital18. He has over two decades of experience across consumer, retail and media businesses. Sachin was previously part of Brand Capital, the strategic investment arm of the Bennett, Coleman & Co. Ltd and was driving investments in early-stage businesses.
Sachin was recently recognized as the ‘Most Active Angel investor’ by Inc42. He has contributed in a book for startups scale up journeys ‘Kites in a Hurricane’.
Ramesh Iyer Takes Over As The Chairman Of FIDC
Ramesh Iyer, vice chairman and managing director of Mahindra & Mahindra Financial Services Limited (MMFSL), has taken over as the chairman of Finance Industry Development Council (FIDC). Ramesh Iyer has been associated with MMFSL since 1994.
He has played an instrumental role in building Mahindra Finance into one of India’s leading rural finance companies. He is also the President – Financial Services Sector and a Member of the Group Executive Board of Mahindra & Mahindra Limited.
Finance Industry Development Council (FIDC) is a Representative Body of Assets and Loan Financing NBFCs, which are registered with the Reserve Bank of India.
Stay tuned for the next week edition of Movers And Shakers Of The Week!