Movers And Shakers Of The Week [September 7 – 11]
Messenger from hyper-local delivery startup Dunzo and bicycle taxi aggregator Rapido arrested by police in Bengaluru for drug trafficking
BIRA 91 appoints Anil Arya as CFO and Senior Vice President Finance
Madhu Shalini Iyer joins global venture capital firm Rocketship.vc as a partner to focus on strategies in India and the Southeast
We present you the latest edition of the movers and shakers of the week in the Indian startup ecosystem.
This week the Bengaluru Police arrested 30 people for drug trafficking in the city, including delivery boys Start of hyperlocal delivery Dunzo and Bicycle taxi aggregator Rapido. It is said that two people working in these startups have been booked under the Narcotics Drugs and Psychotropic Substances Act 1985.
According to media reports, the police have confiscated drugs worth INR 2.2 Cr, including 235 kg of marijuana, 1,100 strips of LSD, 980 ecstasy tablets and 450 g of MDMA crystals. The report also states that the drug trafficking network primarily caters to the city’s student community.
Supplementary Police Commissioner (East), Bengaluru City, S. Murugan said Inc42 that the delivery workers were often attracted by drug dealers with lucrative deals. While workers with startups get between INR 30 and 40 per delivery, drug traffickers are offering these workers around INR 500 for such a delivery, he added.
A Rapido spokesman said: “The alleged driver has been disqualified since February 2020 because of complaints about fake Rapido trips. Rapido condemns the act and will ensure full cooperation with the authorities in this regard. “The spokesman added that Rapido was not questioned by the police on the case.
Here is a look at the other major makers of the week:
BIRA 91 appoints Anil Arya
Alcoholic beverages startup BIRA 91 recently announced the appointment of Anil Arya as CFO and Senior Vice President Finance. In a career spanning over two decades, Anil has worked for consumer goods companies including ABInBev India, SAB Miller (now ABInBev), Procter & Gamble, Pernod Ricard, and Coca-Cola.
With BIRA 91, Arya is set to help the company navigate through the next phase of growth and support the company in scaling.
BIRA 91 is a craft beer brand from B9 Beverages Pvt. It was launched in 2015. The company was founded by Ankur Jain, an entrepreneur who moved to the United States from India US in 1998. It has seen strong double-digit growth in recent years. Volume doubled over the past year, and consumer spending on the brand topped $ 100 million in fiscal 20.
Madhu Shalini Iyer joins Rocketship.vc
Rocketship.vc, a global venture capital firm, has named Madhu Shalini Iyer as a partner. In her current position, Iyer will accelerate the company’s strategies in India and the Southeast.
With over 15 years of experience in data science, investing, and leading high-growth organizations in Silicon Valley and Asia, her familiarity with emerging and developing countries is expected to add value to investment strategies.
She holds a Bachelor of Engineering in Computer Science from the University of Sydney.
Earlier, Shalini Iyer was Chief Data Officer at EthosLending, a fintech startup in San Francisco. Previously, she was also Chief Data Officer at Gojek, a Southeast Asian on-demand multi– –Service platform and digital payment Technology that is also Indonesia’s first unicorn.
Wavemaker makes important leadership changes
Wavemaker India has announced changes in its leadership role in a major overhaul.
Kishan Kumar MS is elevated and has taken on a larger role as Wavemaker India’s Chief Growth Officer. In addition to his new mandate, Kumar will continue to lead Wavemaker South’s operations in Bangalore, Chennai, Kerala and Hyderabad. He has been with Wavemaker for 14 years and has made a significant contribution to the development of Wavemaker as one of the largest media agencies in South India.
Premjeet Sodhi is moving from his previous profile as Chief Growth Officer to Chief Strategy Officer, Wavemaker India. Sodhi joined Wavemaker in April this year after working with Mindshare Fulcrum as an agency director for two years. He has more than 25 years of experience in many leading agencies, serving clients such as Amazon, Reckitt, Kraft Heinz, Infoedge and many more.
Vishal Jacob is returning to Wavemaker India as Chief Digital Officer after almost two years at GroupM as Main Consultant – Change Planning & Transformation.
He has been in the GroupM ecosystem for over 14 years and has played a key role in anchoring the digital initiatives at Wavemaker and GroupM.
Sandeep Pandey, who leads Product and Strategy, has been named Global Head of Analytics where he will drive Wavemaker’s global analytics practice. Pandey has been with GroupM for 15 years in leadership roles in all of the APAC markets. He has served clients in the automotive, pharmaceutical, banking, consumer products, food and beverage, technology and other industries in India, Singapore, Australia, China, Malaysia and other countries. Japan and other key markets in the Asia Pacific region.