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Industry Moves: Paytm, Swiggy, and Firstpost

||Kumardeep Banerjee

Paytm ropes in SoftBank’s Kabir Misra

Paytm’s parent One97 Communications has appointed SoftBank’s Kabir Misra as an additional director on its board, reports PTI. The news agency said that it found out about the development in company’s ministry of corporate affairs’ filings. Note that in July, The Competition Commission of India (CCI) has approved SoftBank Group Corp’s acquisition of 20% stake in One97. Also, SoftBank had invested $1.4 billion in Paytm, in May this year. Misra has been working with the Softbank Group as an advisor since 2005. He is currently acting as Managing Partner at SoftBank Capital, overseeing its growth stage investing, and is President/CEO of SB China and India Holdings, which manages Bodhi Investments, LLC (a venture fund focused on early stage investments in Asia and the US).

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Swiggy hires Vishal Bhatia as its CEO for its supply segment

Swiggy has appointed Vishal Bhatia as its CEO for New Supply segment, which is new addition to company’s business line. The segment focuses on supply strategies and addressing existing supply gaps in the marketplace, including enabling partner restaurants to expand their businesses.  Bhatia comes with 19 years of experience with organizations like Reckitt Benckiser (RB), PepsiCo and Britannia.
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Firstpost hires Ankit Vengurlekar as its new editor for Tech2

Firstpost has hired Ankit Vengurlekar as the new editor for Tech2. In his new role, Ankit will be responsible for new developments on the digital property, with main focus on video-based content for the platform.

Prior to his appointment, Ankit was associated with CNBC TV18, CNBC Awaaz, and The Quint. He is also a founder of TheGadgetwala.in, a platform focused on tech, gadgets, apps etc. He has studied hotel management from Institute of Hotel Management, Mumbai.

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