Chennai-based BankBazaar has appointed Murari Sridharan as the chief technology officer, reports Vccircle. In his new role, he will be responsible for technology initiatives like paperless application process at BankBazaar.
Prior to BankBazaar, Sridharan was the general manager at the engineering division of Microsoft that launched Cortana, and was associated with the company in various roles for 12 years. He has also worked for Ledbat WG, to standardize congestion control mechanisms for the internet. He was also the principal engineer at RSoft Design Group for over a year.
Note that just last week, BankBazaar appointed Aman Narain as CEO of international markets. He would be responsible for international business expansion.
BankBazaar funding: In July last year, BankBazaar raised $60 million in a round of funding led by Amazon. Started in 2008, the Chennai-based startup offers platform to compare rates between different financial institutions and to apply for the loan online. In July 2014, it had raised Rs 80 crore (around $13 million) from Sequoia Capital and Walden International. In 2011, it raised its $ 6 million Series A round of funding from Walden International.
Currently, the portal has tied up with 23 banks and financial institutions for loan, deposit and insurance products.