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Udaan FMCG biz head Vinay Shrivastava quits; fourth senior exit since Sept'23, ET Retail

Shrivastava will be the fourth senior exit from the e-commerce major since September last year. Earlier this month, the company said that its group CFO Aditya Pande has decided to move on from the organisation. Last year, Udaan’s CTO Gaurav Bhalotia and Vivek Gupta, the head of essential categories transitioned from the company.

Vinay-shrivastava , Vivek-gupta , Gaurav-bhalotia , Aditya-pande , Udaan , Ivek-gupta , Inay-shrivastava , Commerce , Ditya-pande , Mcg , Ightspeed-venture-partners

Udaan CFO Aditya Pande quits, third top exit in less than 6 months

The exit comes after Udaan's CBO and CTO also left the startup in September

United-kingdom , Aditya-pande , Vivek-gupta , Gaurav-bhalotia , Vaibhav-gupta , Vishnu-menon , Kiran-thadimarri , United-kingdom-mg-plc , Mg-plc , Lightspeed-venture-partners , Group-finance-controller , Udaan

Heavyweight investors' bets go underwater as Byju's valuation slumps to $1 bn

Some of the world’s biggest private equity firms, asset managers, pension funds and sovereign wealth funds are now sitting on a steep loss on their ......

Delhi , India , Reuters , Byju-s , Lackrock , Atar-investment-authority , Ilver-lake , St-global , Eak-xv-partners , Fc , Ightspeed-venture-partners

Flashback 2023: Flipkart, PhonePe lead tech deal value; AI-powered startups new flavour in town

This year may have been sluggish when it came to overall deal momentum of the tech sector in Indian startup ecosystem, but investors did seem ......

Phonepe , Lipkart-com , Eneral-atlantic , Vs-capital , Ibbit-capital , Iger-global , Enskart , Bu-dhabi-investment-authority , Dia , Hrys-capital , Lackstone-group

Udaan raises USD 340 mn in Series E, Retail News, ET Retail

The funding includes a combination of fresh equity as well as the conversion of existing debt (convertible notes) into equity. Udaan plans to use the funds to strengthen customer experience, market penetration, strategic vendor partnerships, and to reinforce long-term capabilities of supply-chain and credit, the release read.

New-delhi , Delhi , India , Singapore , Vivek-gupta , Gaurav-bhalotia , Vaibhav-gupta , Mg-plc , Lightspeed-venture-partners , Trustroot-internet , Udaan , Aibhav-gupta

Lightspeed-backed Udaan converts debt into equity, pushes back listing plan

Business-to-business unicorn Udaan has converted some debt into equity as part of its Series E funding round and pushed back its plan to go public ......

Bengaluru , Karnataka , India , Sujeet-kumar , Amod-malviya , Priyal-mahtta , Vaibhav-gupta , Mg-plc , Internet-pvt-ltd , Lightspeed-backed-udaan , Lightspeed-venture-partners , Octahedron-capital

Clubhouse's Billion-Dollar Balloon Deflates: Layoffs Loom Large

The COVID-19 pandemic minted several high-valued companies as the demand for social media skyrocketed when people were physically staying away from one another. Clubhouse, a social audio platform, reached a valuation of $4 billion within a year after it raised funds from Andreessen Horowitz, Tiger Global Management and DST Global. The app crossed $14 million in downloads in the first quarter of 2021, making it a pandemic-era unicorn. But the app seems to have lost its charm post-pandemic, with t

Kevin-oleary , Mark-zuckerberg , Paul-davison , Andreessen-horowitz , Oprah-winfrey , Rohan-seth , Marc-andreessen , Gamers , Clubhouse-co , Tiger-global-management , Co-founders-paul-davison

Corporate Crossings | Dream11 appoints former WhatsApp exec Priyanka Kodikal as Chief Design Officer

Priyanka Kodikal previously oversaw design for WhatsApp's consumer products, including experiences across features such as messaging, groups, calling, status, camera, and user interface.

India , United-states , Mumbai , Maharashtra , American , Priyanka-kodikal , Facebook , Harsh-jain , Chief-design-officer , For-facebook-groups , Chief-design , Dream-sports

TikTok CEO Shou Zi Chew: 3 things to know

TikTok's CEO was relatively unknown to the U.S. public before Thursday, when he testified...

China , California , United-states , Oakland , Xiaomi , Fujian , Singapore , Michigan , Beijing , Chinese , Americans , American

Things to know about TikTok CEO Shou Zi Chew

TikTok's CEO was relatively unknown to the U.S. public before Thursday, when he testified...

California , United-states , Xiaomi , Fujian , China , Beijing , Michigan , Oakland , Singapore , American , Americans , Chinese