Times Internet* has appointed former Outbrain executive Gulshan Verma as its chief revenue officer. Verma will be responsible for setting up strategies, direction and management of Times Internet’s revenue opportunities.
Prior to Times Internet, Verma worked with Outbrain, where he was responsible for managing the Outbrain business for India and South East Asia. Before Outbrain, Gulshan was chief revenue officer of Komli Media. He also worked as director of sales strategy and director of prodcut marketing at Yahoo! India and the US. Verma also worked as a consultant for McKinsey & Co in their Los Angeles office, and IMG, the Sports Management Group.
Recent developments at Times Internet:
Get me a shop acquisition: Earlier this month, Times Internet acquired Get Me A Shop (GMAS), a startup which brings businesses online with a suite of technological applications, for an undisclosed amount. The acquisition will help TIL enhance its offerings across verticals.
Taskbucks investment: Last month, the company invested $15 million for an majority stake in services startup Taskbucks. The Gurgaon-based company was founded in 2014 by Kumar Apurva and is a mobile-only tasks marketplace that connects users with brands and enterprises.
InResto acquisition: In September, Times Internet’s table reservation platform Dineoutacquired Bangalore-based restaurant management company inResto for an undisclosed amount. Dineout would offer an end-to-end restaurant management with inResto’s product.
SmartSpends app: In July, the company launched an Android app called SmartSpendswhich organised a user’s spends into categories like travel, dining and entertainment etc. It also claimed to organise spends by merchants and accounts, and set an automated bill calendar, with the help of algorithms.
JiffStore investment: In June, mobile grocery delivery marketplace JiffStore raisedadditional but undisclosed amount funding from Unitus Seed Fund and Times Internet, to expand its store network, marketing, hiring, and improving the technology platform.
Uber investment: In March Times Internet entered into a strategic partnership with Uber in a deal that was “centered around a commercial marketing arrangement accompanied by a small investment”.
Culture Machine investment: In February, digital video network Culture Machine raised$18 million from Tiger Global Management and existing investors Times Internet and Zodius Capital, to invest in technology and content.
Disclosure: Times Internet is an advertiser with MediaNama