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Industry moves: Paytm, ALT Digital, SAIF Partners & Nearbuy

amit lakhotia

Amit Lakhotia has resigned from Paytm

Amit Lakhotia, VP of payments at One97 Communications’ Paytm has resigned, reports VCCircle, with plans to start his own company. At Paytm, Lakhotia worked as as the associate VP, before which he worked as the GM of payments and deals for about 2 years. Before this, he co-founded and was the director of GetMeCab for about a year. He has also worked with MakeMyTrip and UTStarcom for about 5 years.

Earlier this month, Paytm appointed Varun Khullar as head of partnerships for its payments bank. Khullar will lead partnerships and build partners in insurance companies, banks and nonbanking financial institutions. Paytm also appointed Vikas Purohit in a leadership position for its payments bank, and plans to hire 3,000 people for the same business.


Ekalavya Bhattacharya

Ekalavya Bhattacharya appointed as chief strategy officer at ALT Digital

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Balaji Telefilms has appointed Ekalavya Bhattacharya as the chief strategy officer of its OTT video service ALT Digital Media, reports VCCircle. He will work with the management team for ALT’s strategy. Prior to this, Bhattacharya worked at MTV India as head of digital services for about 4 years. He has also worked at Viacom18, Zapak Digital, Contests2win, WATConsult and PagalGuy.

Last month, Balaji Telefilms appointed Nachiket Pantvaidya as chief executive officer of ALT Digital where Pantvaidya would be responsible for the the profit and loss of operations, content, marketing, distribution and revenues of the company. In August, the company announced the launch of ALT Digital as the company forayed into the digital content business, for “the next growth driver.”


SAIF Partners’ Mukul Singhal and Rohit Jain quit the company

Mukul Singhal and Rohit Jain from SAIF Partners have quit the firm to set up an early stage fund, reports ET. They will be investing around $500,000 each in 15-20 startups every year, the report adds. Other executives at SAIF Partners will take their board seats at the company.

Singhal worked with SAIF for over 6 years, while Jain had worked there for 2 years. Singhal works as an advisor with Aspiring Minds. He has worked with Canaan Partners, Infosys and Sapient before that. Before SAIF, Jain worked at Google for 5 years, as well as MobiSoc, IBM, Zambeel and Microsoft collectively for over 10 years.

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Nearbuy appoints Akshay Rajwade as VP of product

akshay rajwade

Nearbuy, which rebranded from Groupon India last August, has appointed Akshay Rajwade as its senior VP of product. Rajwade previously worked as the director of mobile product at Flipkart for over 2 years. Rajwade has also worked with Google in various capacities for about 7 years. Nearbuy now has a technology team of engineers, design and product management of 100 and 200 employees in business development across 35 cities.

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