People Digest: Ola, Lendingkart make senior hires; Ex-minister joins Propel as advisor

Photo: Bloomberg

Ola has appointed ex-Flipkart executive Sanjiv Saddy as senior vice-president, corporate affairs while Lendingkart Technologies has appointed Ratul Paul as senior director – credit data science and Leena Shetye as senior director – capital markets. Meanwhile, former Karnataka IT Minister Priyank Kharge has joined a new startup fund called Propel as an advisor.

Ola appoints Sanjiv Saddy as senior VP

Ride-hailing company Ola has appointed ex-Flipkart executive Sanjiv Saddy as senior vice-president, corporate affairs.

Saddy has over 35 years of experience in corporate affairs and government relations, business development and finance. In his previous role, he was working with Flipkart, leading its government relations and corporate affairs mandate. He has also worked with Tata Communications, Emaar MGF Land Ltd and Freightwinds and Travels Ltd, among other companies.

“Sanjiv will be responsible for building deep relationships with key authorities, government agencies and other related stakeholders and in closely engaging and working with them as a business. Consequently, all our regional corporate affairs and law enforcement leads will report to him,” Bhavish Aggarwal, Co-founder and CEO, Ola said in an email to the employees.

Lendingkart appoints two directors

Fintech company Lendingkart Technologies Tuesday announced the appointment of Ratul Paul as senior director – credit data science and Leena Shetye as senior director – capital markets.

Paul brings over 12 years of experience in Lendingkart and joins from Equifax, where he was responsible for building generic fraud scores to predict fraud transactions and build solvent scores to find good credit customers in the subprime market. Shetye has over 25 years of experience in treasury, corporate loan, project funding, working capital management, and corporate finance. She joins Lendingkart from ECL Finance Ltd.

“Ratul dynamic experience, focused approach in credit risk management and Leena’s broad knowledge in capital markets make them well-positioned to take Lendingkart closer to our combined goal of catering to the previously unbanked segment, MSMEs and microentrepreneurs,” Harshavardhan Lunia, Co-Founder, and CEO, Lendingkart said.

Former minister joins Propel as advisor

Congress MLA and former Karnataka IT Minister Priyank Kharge has joined a new startup fund called Propel as an advisor. The fund will support startups with a funding of up to Rs 2 crore, said media reports.

Kharge’s experience in shaping the business environment in Karnataka and, in understanding the needs of the startup world will add value to Propel initiative, The Economic Times reported.

The fund will focus on tech businesses such as security, semicon, and embedded devices.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.