People Digest: Myntra names new CTO; Coverfox top executives resign

Photo: Bloomberg

Flipkart-owned fashion etailer Myntra on Friday named Raghu Krishnananda as its new chief Technology Officer (CTO). Meanwhile, Coverfox’s co-founder and chief technology officer Devendra Rane, and chief executive officer Premanshu Singh have resigned.

Myntra names new CTO

Flipkart-owned fashion etailer Myntra on Friday named Raghu Krishnananda as its new chief technology officer (CTO).

Prior to joining Myntra, Krishnananda was the head of service platforms at Samsung Research Institute in Bengaluru. He has over two decades of experience in technology, leading teams in design, product development, technology strategy and programme management.

“Technology is the backbone of Myntra and plays a very important role in shaping our proposition. Raghu joins us at a very interesting juncture, where the larger emphasis is on consumer engagement through content, with technology as the enabler,” Amar Nagaram, head of Myntra, said in a statement.

Coverfox CTO, CEO resign

Insurance aggregator Coverfox’s co-founder and chief technology officer Devendra Rane, and chief executive officer Premanshu Singh are said to have resigned amid mounting worries regarding the future of the company, DealStreetAsia has learnt.

Their resignations come at a time when the company is struggling to raise funds as the current investors have reportedly refused to pour in more money. Moreover, the company’s plan to sell out to digital payments major Paytm could also not materialise.

The movement was first reported by Entrackr.

Glitterbug Technologies Pvt. Ltd, which owns online insurance platform Coverfox, has raised aggregate funding of over $45 million from a slew of prominent investors such as SAIF Partners, Accel Partners, NR Narayana Murthy’s Catamaran Ventures and International Finance Corporation till date.

 

 

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.