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DealShare co-founders Vineet Rao and Sankar Bora step down: Report

DealShare co-founders Vineet Rao and Sankar Bora step down: Report
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

Dealshare cofounders Vineet Rao, Sankar Bora exit post rejig, Retail News, ET Retail

While Rao “stepped down” from his role of chief executive in July and was supposed to work with the board for hiring a new CEO, he has now left Dealshare even as the company has yet to name his successor, several people aware of the matter said. Bora, who was chief operating officer, has also moved on from the company which is now shifting its non-tech functions to Gurgaon.

DealShare gives up office space in Bengaluru - The Hindu BusinessLine

DealShare gives up office space in Bengaluru - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Exclusive: DealShare co-founder on shutting down B2B biz, layoffs, and plan ahead, ET Retail

As per the last communication, DealShare laid off 130 more employees and shut down its B2B business, which accounted for 20 - 30 per cent of its total revenue. In an exclusive chat with ETRetail, DealShare co-founder Sourjyendu Medda shared that today its cash burn is significantly down to about 15 per cent of the peak. In July, he had told ET that the company’s monthly cash burn was down to USD 2 million from USD 11 million earlier.

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