daily summary (October 7, 2022)

daily summary (October 7, 2022)

Anuradha Ramachandran joins TVS Capital Funds as Managing Partner

TVS Capital Funds, a rupee-based private equity fund, has announced the arrival of Anuradha Ramachandran as managing partner. TVS Capital has raised Rs 3,000 crore across three funds and completed 30 investments.

TVS Capital Funds supports technology-driven companies in financial services and business services (B2B). Its current Fund III portfolio includes unicorns like Digit Insurance, Five Star Business Finance and Yubi (CredAvenue).

Anuradha has over 22 years of relevant experience in venture capital (with Ventureast, Omidyar Network and Flourish Ventures), investment banking (with Lazard) and financial journalism. She has led several successful investments in fintech, as well as other technology categories.

Anuradha Ramachandran, Managing Partner of TVS Capital Funds, said: “I strongly believe that innovation and entrepreneurship can change the lives of millions of individuals and can create massive socio-economic changes that can benefit a growing economy. growth like India. I see strong alignment with these core values ​​embedded in TVS Capital’s mission and am thrilled to be part of its strong focused team on its journey of supporting tech-aligned businesses in financial and B2B services. »

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RattanIndia Enterprises Ltd to Acquire 100pc Stake in Revolt Motors

RattanIndia Enterprises Limited is acquiring a 100% stake in electric motorcycle market leader, Revolt Motors. The company previously acquired a 33.84% stake in Revolt, with an option to further increase the stake.

Revolt Motors claims to be the best-selling electric motorcycles in the country and Revolters, as the proud owners of Revolt EV bikes like to call themselves, have covered over 100 million km on Indian roads till date.

Revolt Motors currently has a manufacturing plant in the automotive manufacturing hub of Manesar, Haryana. Over the past year, it has expanded its pan-India footprint, with 29 concession stores spread across India.

Rahul Sharma, MD of Revolt, said, “It’s a proud moment for me as we hand over the baton for the next phase of Revolt’s growth trajectory. I am very proud of what we have created with Revolt. Uprisings love their uprisings and there is a huge demand for our bikes. I’m sure the revolution of Revolt has just begun.

After India, WebEngage announces start-up program in Southeast Asia

WebEngage, the full-stack retention operating system, has opened applications for the Southeast Asia cohort of the WebEngage Startup Program (WSP). The program will help early-stage startups improve customer retention and engagement, build strong databases, generate actionable insights, increase repeat orders, and better understand customers. In short, the program will help increase the chances of aggressive but sustainable growth.

B2C startups operating in the e-commerce, D2C, edtech, and fintech sectors that have raised between seed and Series A funding can apply for the program.

The top 50 startups selected will get free access to WebEngage’s retention operating system for six months, including up to $25,000 in platform credits, to help set up an integrated data setup and build journeys 1:1 personalized omnichannels automated via email, SMS, WhatsApp, and push notifications.

Startups also have access to a dedicated success management team that will help accelerate their learning curve while advising them on strategy and tactics for setting up early campaigns and dashboards.

Under the program, startups also have access to an exclusive community of founders and mentors, as well as advice from industry leaders and experts with deep, meaningful and actionable insights.

OYO Creates Two New Global Leadership Roles for Service Experience and Revenue

Oyoa global travel technology company, announced on Friday the appointment of Shreerang Godbole as chief services officer and Shirish Damani as chief revenue officer of the company.

Shreerang served as SVP – Consumer Product while Shirish led the revenue function at OYO Vacation Homes (OVH).

Shirish Damani, in his new role, will focus on driving a revenue-driven, technology-driven and customer-centric approach at OYO. He will support the Consumer Products team and work to make the OYO app and website more user-friendly. During his seven years at OYO, Shirish helped revamp the revenue management system at OYO Vacation Homes (OVH), with the acquisition of Leisure Group being the highlight of his time. Shirish also helped lay the foundation for OYO’s dynamic pricing system and algorithms.

To further OYO’s global mission of building a consumer-centric approach, Shreerang, in his new role as Director of Services, will be responsible for the service and experience of patrons and customers globally. world. He will work closely with the Operations, Customer Engagement and Customer Service teams in all markets, leading the Consumer Service and Partner Service product charters. In his previous role as SVP – Consumer Product, Shreerang was responsible for creating products that sustainably improve and extend the customer experience, while unlocking opportunities for revenue maximization.

During his eight years in office, Shreerang led various roles and responsibilities at OYO and led key interventions such as building the Yo! Chatbot, turning OYO Wizard+ into an engaging loyalty program and consumer confidence-building campaigns such as VaccinAid and Sanitized Before Your Eyes (SBYE) during the pandemic.

(This article will be updated with the latest news throughout the day.)


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