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Industry moves: MiCar, Snapdeal and MakeMyTrip

ashok vashist

Self drive car rental company MiCar has appointed Ashok Vashist as its CEO. Vashist will be responsible for executing MiCar’s expansion plans across cities and operations management with marketing and customer experience. Before MiCar, he worked with Carzonrent as its COO for about 5 years, core team member at Autoriders International for about 2.5 years and business head of ITC Group for over 2 years.

Prior to that, Vashist has worked as the country manager at International Travel House for 2 years, branch manager at Autoriders for over 2 years and in the same position at Wheels International for over 4 years. MiCar was founded by Suyagya Agrawal in July last year. It claims to have 150 cars in Delhi-NCR and provides them at hourly and daily rates.


ashish jain

Ecommerce platform Snapdeal has appointed Ashish Jain as SVP of investor relations and M&A (mergers & acquisitions) integrations. Jain worked as the business manager of CEO’s office at Indus Towers for over 1.5 years, before which he was a team leader at JP Morgan for 2.5 years. Snapdeal’s press statement added that Jain also worked as an associate partner at McKinsey & Co, before which he worked as the director of business development of M&A, Strategy & Performance Management of Telenor’s Asia operations. He also worked as an associate director at UBS and as product marketing manager at Altera. Recent Snapdeal appointments here.


sharat singh

Sharat Singh, MakeMyTrip’s CTO has quit the company, reports VCCircle. Sanjay Mohan, who handled tech operations, will replace Singh. Chief product officer Anshuman Bapna has been elevated to chief executive officer at the company. Singh joined MMT in August last year, before which he worked as the India MD of Shopzilla. Singh has also worked with Nextag as VP of engineering and country manager, program director at Microsoft, VP of engineering at Ideas, Managing architect at Compuware and director of engineering at CSSC.

MakeMyTrip financials: Losses nearly doubled for MakeMyTrip for the quarter ended September 30 from the preceding quarter, standing at $12.22 million as compared to $6.9 million in the preceding quarter. The company had posted a loss of $4.79 million in the same quarter last year. This is MakeMyTrip’s twelfth straight loss making quarter.

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