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Groupon’s India Biz: SoSasta Founders Out, Ankur Warikoo Is CEO; Groupon.in Injunction

Exclusive: Changes are afoot at Groupon's India business: Ananya Bubna has resigned as the Managing Director of the company, and Ankur Warikoo has been appointed CEO, MediaNama has learned from reliable sources. In addition, Ananya and Udayan Bubna have been asked to resign from the companys board of directors. An email to Groupon sent almost two weeks ago to confirm the resignation of Ananya and Udayan Bubna is yet to elicit a response. Warikoo declined to comment, and asked us to contact PR. Warikoo was previously a consultant with the company and, according to his LinkedIn profile, and an Entrepreneur in Residence at Rocket Internet GmbH. Prior to that, he was a co-founder at Accentium Web*, before leaving the venture in September 2010. Gets Interim Injunction Against Groupon.in; Mediation Groupon had entered the Indian market eight months ago by acquiring SoSasta, and retained Ananya and Udayan Bubna, founders of the company, at the helm of the Indian affairs. But in light of the challenges that the company is facing in India, there appears to be a push for change: as a fledgling business, it faces stiff competition from market leader SnapDeal, which has recently raised $40 million, but more importantly, it faces a branding challenge from Bangalore based ValueNet Ecommerce, which started a daily deals site Groupon.in, and more interestingly, trademarked the brand name Groupon, in India. We checked Groupon.in, and it appears that the site is not working. It appears that Groupon got an ex parte ad interim injunction from the Delhi High Court,…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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