CLEARTRIP CFO
Cleartrip appoints Anuj Rathi as chief business and growth officer
Anuj Rathi has been appointed as the chief business and growth officer of Cleartrip, Flipkart's travel booking unit, replacing Ayyappan R. He announced this in a LinkedIn post on Thursday.
Prathyusha Agarwal to head Flipkart's Shopsy
Prathyusha Agarwal has joined Flipkart as vice president (VP) and head of Shopsy, a spokesperson for the firm confirmed to ET. She was previously the chief business officer of edtech firm Byju’s, with earlier stints at Zee Entertainment, Tata Cliq and Unilever.
The super app bandwagon; Tata Digital revamped
Happy Tuesday! Traditional financial services firms are the latest to launch so-called super apps. This and more in today’s ETtech Morning Dispatch.
Anuj Rathi to take over as CEO of Flipkart-owned Cleartrip
Flipkart is seeing another set of top-deck changes, as it ropes in Anuj Rathi as the new CEO of its travel booking unit Cleartrip, while top executives Prabh Simran Singh and Sankalp Mehrotra are exiting the firm.
Cleartrip CFO Aditya Agarwal steps down as top-level shakeup continues
Cleartrip's CFO Aditya Agarwal resigns amid Flipkart's senior management changes. Akshat Mishra to succeed him. Agarwal's key role in Cleartrip's integration into Flipkart highlighted. Former CEO Ayyappan R departing for consumer tech venture. Layoffs impacting 5-7% employees after Flipkart Group acquisition.
Seeing rise in demand for sports tourism owing to upcoming T20 World Cup, Olympics: Aditya Agarwal, Cleartrip
One thing common to a lot of these places is that they have made it much easier for Indians to travel either by providing visa-free travel or making it much-much easier for Indians to obtain visas so that is becoming a big spur in demand.
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Indian airlines set to soar: Over 150 aircraft to join fleet in 2024 but it might not be enough
IndiGo, Air India, and others lead the expansion to meet rising demand, pointing to a profitable year for the industry, with robust travel anticipated. However, airline executives said all these new planes won't be enough to cater to the growing demand, keeping fares firm and likely leading to a profitable year for the industry.
Paytm's Q2 scorecard; Indian users log on to online festive sales
Fintech major Paytm narrowed its losses for the quarter ended September to Rs 291.7 crore compared with Rs 571 crore in the year-ago period. This and more in today’s ETtech Top 5.
Myntra private label head Manohar Kamath quits
Tribikram Mishra, vice-president and head of the Roadster brand, has also departed from the fashion etailer to join rollup commerce company Mensa Brands - run by former Myntra chief executive Ananth Narayanan.
India to top China as largest international market in 2023: Walmart CFO
Walmart CFO John David Rainey said ecomm marketplace Flipkart and online payments app PhonePe, both owned by Walmart, are market leaders and that both companies have huge opportunities to tap going forward.
Old VC funds under Sebi scanner; Slice secures PPI licence from RBI
Industry insiders feel Sebi may pull up funds that have breached the end date or taken repeated extensions, probably to fish for better deals and to avoid distress sales.
Cleartrip’s December quarter bookings to exceed 2019 levels by 1.4 times, says CFO Agarwal
Cleartrip CFO Aditya Agarwal said the company has seen “huge” growth across the board this year. The recovery last year was at a smaller pace. “It (2021) was far more impacted by Covid than the current year,” he said, attributing part of the current jump in volumes to recovery from that.
Flipkart raises IPO valuation target to $60-70 billion, eyes 2023 listing
The main reason for waiting for the IPO is due to Flipkart's internal plan to boost valuations further by focussing on two of its relatively new businesses -- online healthcare services and travel bookings, two of the sources with direct knowledge said.
Myntra top brass exits - CFO and chief marketing officer put in papers
Prior to that Flipkart had moved Myntra’s business development head R Ayyappan to handle the business of Cleartrip, an online travel booking platform that Flipkart had acquired in April. Flipkart has appointed Sharon Pais, head of loyalty and travel at Flipkart, as the new business development head of Myntra replacing Ayyappan.
Hoteliers, travel operators welcome separate liquidity window for contact intensive sectors
The special window announced on Friday, encourages banks to provide fresh lending support to hotels, restaurants, travel operators, aviation ancillary services, and others including private bus operators, salons, car repair services, rent-a-car service providers and event organizers.
Swiggy or Zomato?
It’s a question we often find ourselves pondering come dinner time these days: Swiggy or Zomato? SoftBank has made its choice — and run up a $450-million bill in the process. But will Swiggy deliver?
Deliverance
E-commerce companies will only be allowed to deliver essential goods in Maharashtra from tomorrow. We’re getting that 2020 feeling again.
Cleartrip bolsters leadership ranks with two new appointments
The appointments by Cleartrip are in sync with its long-term growth strategy of pushing for the next phase of its growth by bolstering its leadership team.
Why a Tiger in founders’ den is key for India's Startup industry
As startup founders fret about what the appointment means for the sunrise sector, experts feel Flipkart’s founders have taken a tough but smart move to succeed.
Satvacart to raise another $2 mn in current round
Satvacart, which focuses only on the Gurgaon market, is backed by Palaash Ventures and has senior executives from Insurance, Consulting, Hospitality and Investment Banking sectors as angel investors.
Travel companies beef up online presence for wider customer reach
The shift from offline to digital platforms has taken places across industries, and travel and tourism is no exception.
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