People Digest: Stove Kraft gets CEO; Urban Ladder co-founder steps down; Ola execs quit in UK, Australia

Image from UrbanLadder.com

Bengaluru-based kitchen appliances firm Stove Kraft Pvt. Ltd has roped in Rajiv Mehta as its chief executive officer, while furniture rental venture Urban Ladder co-founder Rajiv Srivatsa is said to have resigned. In a separate development, Ola is staring at a spate of resignation with at least six of its company executives stepping down from their roles in the UK, Australia and New Zealand.

Sequoia-backed Stove Kraft gets new CEO

Bengaluru-based kitchen appliances firm Stove Kraft Pvt. Ltd, backed by marquee venture capitalist Sequoia, has roped in Rajiv Mehta as its chief executive officer, the company said in a statement.

The move comes in at a time when the company is looking to ramp up its presence in the cookware and appliance market.

Prior to this, Mehta was at a leadership position in athletic brand Puma, Arvind Fashion Brands Ltd and Arvind Sports Lifestyle Ltd, respectively.

In his new role, Mehta will be responsible for driving growth for the company besides enhancing its product presence and brand equity, the statement added.

Urban Ladder co-founder Rajiv Srivatsa to step down

Bengaluru-based furniture rental venture Urban Ladder co-founder Rajiv Srivatsa is said to have resigned, according to media reports.

The news comes in within days of Kalaari Capital MD Vani Kola stepping down from the board. Srivatsa co-founded the company with his B-school batchmate Ashish Goel in July 2012.

Urban Ladder has been staring at an acute funding crunch and has reportedly laid off around 90 employees in June.

Ola’s key executives quit in UK, Australia 

Not all’s well with Indian ride-hailing service Ola. It is staring at a spate of resignation with at least six top company executives stepping down from their roles in the UK, Australia and New Zealand, per a report by MoneyControl.

The Bengaluru-headquartered company launched its international operations a year ago in 2018, when it made a foray into Australia followed by the UK and then New Zealand.

It is understood that the company also had plans to tap the US market. However, plans have now been shelved, added the report.

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.