Startup shake-up: Founders make way for veterans - 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.
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.
Azhar Iqubal, the co-founder and CEO of online news aggregator InShorts, has transitioned to the role of chairman, while co-founder Deepit Purkayastha assumes the position of CEO. Iqubal expressed excitement for Purkayastha s leadership and the company s future growth. Established in 2013, InShorts delivers daily news highlights in 60 words across various categories.
Azhar Iqubal started InShorts in 2013. InShorts compiles daily news highlights spanning national, global, political, business, sports, technology and entertainment categories, delivering it in 60 words.