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At Third Wave Coffee, founder Sushant Goel transitioned to a board role after former KFC India head Rajat Luthra was roped in as chief executive, effective April 1. "The journey of starting up and getting the company at a certain scale is very different from taking it to the next level," said a venture investor with a global firm. "These changes are ultimately healthy in the sense that these startups are reaching a particular level."

Over a dozen new economy ventures have appointed a new chief executive over the last 12 months, as a greater focus on profitability and governance gains primacy across the sector.

In the dynamic landscape of e-commerce and retail, BlueStone emerges as a prominent player, blending tradition with technology to redefine the jewelry shopping experience.

On Friday, the 30-stock benchmark index BSE Sensex ended at a fresh all-time high of 72,568 points. In the broader buoyancy of the stock markets, shares of new-age companies Zomato, Nykaa, Honasa Consumer, Paytm, Delhivery and PB Fintech also rose through the week.

Happy Friday! Banks are pushing the pedal on their cobranded credit card strategy as they gain traction through large consumer facing internet companies. This and more in todays ETtech Morning Dispatch