MobiKwik has announced the appointment of three new business heads in line with the ongoing restructuring of the senior leadership team, the company said in a release. Deepak Batra has joined the company as head of ‘Online Business’ and will be responsible to help the partners drive sustained growth in the online business, the company said. In his earlier stint, he was responsible for setting up monetization at OLX India, and an ex-consultant from Bain. Batra graduated from IIT Delhi and holds an MBA from INSEAD.

Jalaj Khurana has been appointed as the head for ‘Unorganized Retail’ and will be majorly accountable for offline business through unorganised merchant network, the release said. The company said that Khurana has 13 years of sales & marketing experience in the FMCG industry, having worked for organisations like Reckitt Benckiser and Dabur in a variety of roles and geographies. Chandan Joshi will now serve as the head of Organized Retail. Prior to this, Joshi was a financial trader in global financial markets with Credit Suisse in London & Hong Kong. He also launched Paketts, an innovative last mile logistics service company in 2015 and successfully exited the business after it was acquired by Nuvo Logistics (Parent company of Peppertap) in 2017,  the company said.

Ms Upasana Taku, Co-Founder and Director, MobiKwik, said “..We are in the process of rejigging so as to address the current and future business requirements. The hiring of the 3 Business Heads is in line with our business strategy.”

The news comes after a report by Entrackrsaid that Puneet Agarwal, Chief Risk Officer (CRO) at MobiKwik has reportedly resigned from the company last week and is expected to exit from the firm in August. However, Upasana Taku reached out to Medianama to deny the report. Taku claimed that the report was incorrect and the original article, published by Entrackr was carried out without a confirmation by MobiKwik.

Following Mobikwik’s retort, Entrackr co-founder, Jai Vardhan tweeted that the publication stands by its initial report and sources. He further said that Mobikwik’s claim of not reaching them for a comment is completely baseless.