Utkrishta Kumar News Today

While a majority of the departing executives are going back into the ecosystem and starting a new business, a small portion of them have chosen to simply change their sectors. The remaining are going back to safety.

Hit by top-deck exits in the past year, Tata Digital, the ecommerce arm of the Tata Group, is trying to assuage senior executives who are still waiting for the stock option component of their pay. This and more in todays ETtech Morning Dispatch.

Utkrishta Kumar to leave by January; current CXO, growth, Megha Agarwal to be his replacement

Utkrishta Kumar, the Chief Experience Officer for business at ecommerce firm Meesho, has resigned after five years with the company. Kumar will be leaving to pursue entrepreneurship, according to an internal email from co-founder and CEO Vidit Aatrey. Megha Agarwal, currently the CXO for growth, will take over Kumars role, with responsibilities split into three categories.

This isnt Utkrishta Kumars first foray into entrepreneurship. Between 2011-2012, he founded Mojocircles, an e-commerce startup focusing on handicrafts and connecting artisans across India.

Meeshos: Meesho spokesperson said, “We would like to express our heartfelt gratitude to Utkrishta Kumar who has decided to move on to pursue his entrepreneurship dream after a successful 5-year stint with Meesho. He has been instrumental in shaping Meesho’s business and has played a key role in our success over the years.”

Jio Financial Services, which was recently spun off from Reliance Industries and listed as a separate entity, made a strong showing in the September quarter.

Meesho , a SoftBank-backed value commerce platform, is going through a leadership reorganization as Utkrishta...

The share of online sales for Rakhis has increased from 1.5% in 2018 to 7% in 2022, as e-commerce firms report a rise in demand from both metro cities and tier 1 and 2 cities. Amazon, Myntra, and Meesho have all witnessed significant growth in Rakhi orders, with Meesho reporting a 2.5 times increase in demand post-pandemic. Ferns N Petals (FNP) has also seen substantial website traffic growth from tier 2 and 3 cities, with one-third of their annual business revenue generated during Rakshabandhan...

Meesho said its "Project Suraksha" systems has detected and blocked over 12,000 bad actor accounts from accessing the platform.