Advertisment

Top executives who left start-ups in 2016

author-image
CIOL Writers
New Update
CIOL Top Executives who left startups in 2016

Start-up life is not easy and even companies with billion-dollar valuations saw a bunch of resignations last year. Cash crunch, dipping valuations, and bad PR are driving some of the significant hires to the exit door.

Advertisment

Due to cost markdowns and fast-burning funds, this year has been unusually challenging for startups like Flipkart, Zomato, etc to keep a hold on high-profile executives.

It all started in 2015, when Flipkart's Head of Strategic Initiatives Ravi Vora, Ola's vice-president for engineering Swaminathan Seetharaman , and Alok Jain, Tanmay Saksena along with Namita Gupta of Zomato, took the big step and left their high-profile positions.

This year – 2016 - also began on a similar note with Srinivas Murthy, Senior Vice-president at Snapdeal, leaving the company in January, followed by Mukesh Bansal – Head of Commerce at Flipkart & Chairman of Myntra – in February. Senior managers left high-profile jobs at India's big start-ups including taxi app firm Ola and restaurant search and food delivery service provider Zomato, raising doubts over the sustainability of experienced talent in India's aggressive start-up’s workplace.

CIOL Top executives who left startups in 2016

flipkart uber myntra