Connect with us

Appointments

Shamik Sharma joins MoneyTap as Advisor

Published

on

NEW DELHI (INDIA): India’s first app-based credit line, MoneyTap today announced that Shamik Sharma, Myntra’s former chief product and technology officer has joined the company as an advisor with immediate effect.

With his deep experience in product development, data science and technology, Shamik will be responsible translating business needs of MoneyTap to enhance the product roadmap and help shape the organization as it scales.

Shamik also brings an unique mix of deep and broad technical expertise, product design, and business experience, specifically in high-growth startups.

Shamik is a well-known technology stalwart with over 17 years’ of experience and has spent a significant time in the US Silicon Valley. Along with his role at MoneyTap, Shamik will continue being a venture partner at pi Ventures, India’s first Applied Artificial Intelligence, Machine Learning & IoT focused early stage venture fund.

In his earlier avatar, Shamik was the Chief Product and Technology officer at Myntra, where he was responsible for driving technology strategy and culture.

As part of the Myntra leadership team, he helped navigate the company through various changes and built a strong technology team.

Shamik was also the VP of Software at Lytro, a light field camera start-up in the US and has held executive roles at RockYou, StumbleUpon and Yahoo.

A computer science graduate from IIT-Kharagpur, Sharma has a Master’s degree in computers from the University of Maryland, US.

Founded by serial entrepreneurs Bala Parthasarathy, Anuj Kacker & Kunal Varma, MoneyTap pioneered the concept of a Credit Line for consumers. An unknown concept until now, Credit Line has seen a huge demand from consumers in the lower-middle income group, due to its unique product which combines the usage of cash and card. The company recently crossed the milestone of 1 million user installs and raised a total of $12.3 million in funding from Sequoia India, NEA & Prime Venture Partners.

MoneyTap boasts of a stellar team comprising of several employees who have been founders or held leadership positions in startups. To keep up with its rapid expansion plans, the company is increasing its employee count and plans to add 50 new team members in Tech, Data, Product, Marketing & Ops in the next 6 months.

“I’m thrilled to be with MoneyTap at such an important stage of the company. MoneyTap is focussed on addressing the needs of the credit-starved consumer segment and its growth in the past year is a testament to the efficacy of its robust product. As the young population in this country starts earning and spending more, there will be a massive need for an intelligent credit product which can serve the underserved. The road ahead is full of opportunities and I look forward to being a part of the transformational journey,” said Shamik Sharma, Senior Technology Advisor, Myntra, pi Ventures and various startups.

“We are delighted to welcome Shamik to our team. We believe that Shamik’s expertise and background in product, engineering, UX and data-science will ensure that we solidify the leadership position as we improve credit accessibility for other segments of customers. Sharma’s experience of hiring talent will play a key role in growing our employee count as we plan on adding 50 new team members in Tech, Data, Product, Marketing & Ops in the next 6 months,” said Bala Parthasarathy, CEO & Co-founder, MoneyTap.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Appointments

STL appoints former Ericsson Executive Paolo Colella to its Advisory Council

Published

on

NEW DELHI: STL, an industry-leading integrator of digital networks, today announced the appointment of Paolo Colella to its Advisory Council. A former Ericsson executive, Paolo will work closely with the STL leadership team and its board of directors to advise the company on the strategic roadmap for its Network Services Business.

Over the last decade, STL has built a strong expertise in offering tailored design, build, and management services for digital networks across India. Bolstered by its strong experience and the recent acquisition of Clearcomm, a UK-based network integration company, STL now wants to take Network Services Business global and explore opportunities in new segments such as Enterprise IoT and Data Centers. Paolo will guide STL’s growth roadmap and contribute to the company’s strategic outlook in the global markets.

Paolo comes with more than 25 years of experience in Telecommunications, Technology, and Professional Services and has a passion for digital technologies and the benefits they bring to society. Paolo has held prominent senior executive positions, including India CEO and Head of Global Systems Integration Business at Ericsson. Having led business operations across 20 countries, Paolo has vast global leadership experience in strategy, business development, service delivery, P&L management, and M&A. His areas of interest are XaaS, 5G, IoT, OSS/BSS, and AI-assisted operations.

Speaking on Paolo Colella’s appointment, KS Rao, CEO, Network Services and Software Business, STL, said: “STL has proved its mettle in building scalable, highly responsive and agile networks that have set benchmarks for operational transformation, automation, and efficiency. As we take our experience and expertise to global markets, Paolo will have a crucial role to play. I am confident that STL will benefit from his extensive international experience and vast knowledge and further strengthen its global presence. I welcome him to STL and look forward to his counsel.”

Commenting on his new association with STL, Paolo Colella said: “STL has created a niche as a company that offers technology-led solutions that will be the foundation of gigabit societies across the globe. I am excited to be associated with a company like STL that is extremely innovation-centred and leads the way in enabling digital transformation at the edge.”

 

Continue Reading

Appointments

Adobe appoints Prativa Mohapatra as Managing Director of India Business

Published

on

NEW DELHI:  Adobe has announced the appointment of Prativa Mohapatra as Vice President and Managing Director for Adobe India.

In this role, Prativa will lead Adobe’s India business across Adobe Experience Cloud, Adobe Creative Cloud and Adobe Document Cloud, reporting to Simon Tate, Adobe’s President for Asia Pacific (APAC).

Adobe’sstrategy for unleashing creativity, accelerating document productivity, and powering digital businesses gives brands a competitive advantage, enabling them to engage customers across every digital touch point. With a track record built on innovation, category leadership, and rapidly expanding market opportunity, Adobe India is poised for continued growth.

Welcoming Prativa Mohapatra to Adobe, Simon Tate, President, Adobe APAC said, “Digital has become mission critical for businesses and Adobe’s market-leading technologies are seeing strong momentum. Prativa’s passion for technology, and ability to build stellar teams, will take our India business to the next level of growth.”

“Adobe is uniquely positioned as an enabler for everyone — students, creative artists, small businesses, government agencies and the largest brands — to design and deliver exceptional digital experiences. I am thrilled to join the world class team at Adobe India and propel our business vision in the country,” said Prativa Mohapatra, Vice President & Managing Director, Adobe India.

Prativa’s career spans over 25 years in the technology industry. She joins Adobe from IBM, where she served as Vice President of Digital Sales for APAC. Prior to that, she led Sales for IBM India and South Asia where she was responsible for driving revenue for the company’s portfolio of solutions and services. Through her various strategic roles at IBM since joining the company in 2002, Prativa has a wide range of experience including leading business transformations, scaling teams to meet hyper growth and evangelising Artificial Intelligence technology with customers. She started her career at PwC India.

Prativa received a Bachelor of Technology in Computer Science and Engineering from Regional Engineering College (now NIT), Rourkela, India. She attended Xavier Institute of Management in Bhubaneswar, India for her Post Graduation in Management, where she specialized in Systems and Finance.

An acknowledged industry leader, Prativa is passionate about building diverse teams and actively mentors women on their leadership journeys.

Continue Reading

Appointments

Justice Vikramjit Sen to head Digital Media Content Regulatory Council

Published

on

NEW DELHI: The Indian Broadcasting Foundation (IBF) on Monday announced the appointment of former Supreme Court judge Justice Vikramjit Sen as the Chairman of its newly formed self-regulatory body Digital Media Content Regulatory Council (DMCRC).

Besides, six other eminent industry members which include filmmaker Nikkhil Advani, writer and director Tigmanshu Dhulia, filmmaker and writer Ashwiny Iyer Tiwari, content producer and distributor Banijay Group CEO and founder Deepak Dhar would also be part of the self-regulatory body, IBF said in a statement.

This Council also includes – Sony Pictures General Counsel Ashok Nambisan and Star and Disney India Chief Regional Counsel Mihir Rale, it added.

“The Council constitutes prominent personalities from the Media & Entertainment industry and Online Curated Content Providers (OCCPs), with experience in IPR, programming and content creation,” it said.

IBF, the apex body of broadcasters, had last week announced to expand to cover digital streaming platforms and is soon going to be renamed as Indian Broadcasting & Digital Foundation (IBDF).

The move was done to bring together the broadcasters and OTT (over-the-top) platforms. It had also announced a self-regulatory body DMCRC for digital OTT platforms.

“The self-regulatory body which is formed as per the mandate of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 with active consultation amongst the creative industry fraternity is expected to create a credible, robust and practical code for content, with an inclusive and fair governance structure,” said IBF.

Commenting over the development IBF President K Madhavan said this is a historical moment for the stakeholders — media and entertainment industry, the policymakers and the subscribers of the OTT platforms.

“I look forward to working with the Council whose mandate is to ensure freedom of expression of the Indian creative industry as well as help the discerning audience of the OTT platforms to have unhindered access to world-class and differentiated content,” he said.

IBF represents television broadcasting and its members provide channels and programmes that deliver about 90 per cent of television viewership in India.

The Indian subscription video-on-demand industry is witnessing faster growth and it has been further expedited after the pandemic. It is expected to have the fastest growth in the media and entertainment sector for next coming years.

According to a The PwC Global Entertainment & Media Outlook 2020-2024, the Indian Media & Industry sector is expected to grow at a 10.1 per cent compound annual growth rate to reach USD 55 billion by 2024.

In terms of individual segment market size as a percentage of total industry revenue, OTT video is expected to see the largest gain and reach 5.2 per cent by 2024, it said.

Source: Press Trust of India

Continue Reading

Trending