Daily Tour (October 7, 2022)

Anuradha Ramachandran joins TVS Capital Funds as Managing Partner

TVS Capital Funds, a rupee private equity fund, has announced the joining of Anuradha Ramachandran as Managing Partner. TVS Capital raised Rs 3000 crore across three funds and made 30 investments.

TVS Capital Funds supports technology-driven companies in financial and enterprise (B2B) services. Its current Fund III portfolio includes unicorns such as Digit Insurance, Five Star Business Finance, and Yubi (CredAvenue).

Anuradha has over 22 years of relevant experience across venture capital (with Ventureast, Omidyar Network and Flourish Ventures), investment banking (with Lazard), and financial journalism. She has led several successful venture investments in FinTech, as well as other tech categories.

Anuradha Ramachandran, Managing Partner of TVS Capital Funds, said, “I strongly believe that innovation and entrepreneurship can change the lives of millions of individuals and can create massive social and economic transformations that can benefit a growing economy like India. I see strong alignment with these core values ​​embedded in TVS’ mission. Capital and I am delighted to be part of its strong and focused team on its journey to support technology-compliant businesses in financial and B2B services.”

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RattanIndia Enterprises Ltd acquires 100 stakes in Revolt Motors

RattanIndia Enterprises Limited acquires a 100% stake in Revolt Motors, the market leader in electric motorcycles. The company had earlier acquired a 33.84% stake in Revolt, with an option to increase the shareholding.

Revolt Motors claims to be the top selling electric motorcycle in the country, and Revolters, as proud Revolt EV bike owners like to call themselves, have clocked more than 100 million kilometers on Indian roads to date.

Revolt Motors currently has a manufacturing facility in the Automotive Manufacturing Center in Manesar, Haryana. Over the past year, it has expanded its pan-India presence, with 29 agency stores spread across India.

Rahul Sharma, MD from Revolt, said, “It is a proud moment for me as we pass the baton to the next stage of the Revolution growth path. I am very proud of what we have created with Revolt. The Revolutionaries love their Revolutions and there is a huge demand for our bikes. I am sure Revolutionaries have I just started.”

After India, WebEngage announces startup program in Southeast Asia

WebEngage, the full stack retention operating system, has opened applications for the Southeast Asian group’s WebEngage Startup Program (WSP). The program will help early-stage startups improve customer retention and engagement, lay strong data foundations, drive actionable insights, increase repeat orders, and better understand customers. In short, the program will help increase the chances of strong and sustainable growth.

B2C startups operating in the e-commerce, D2C, edtech and fintech sectors that have arisen between the initial funding round and Series A can apply for the program.

Top 50 selected startups will get free access to the WebEngage OS to keep for six months, including up to $25,000 in platform credits, to help configure an integrated data setup and create 1:1 customized multichannel automated journeys via email, SMS, WhatsApp, push notifications.

Startups also have access to a dedicated success management team that helps speed up the learning curve while advising on strategy and tactics for setting up campaigns and first dashboards.

As part of the program, startups also get access to an exclusive founder and mentor community, and mentorship from leaders and industry experts with deep, meaningful and actionable insights.

OYO creates two new global leadership roles for service experience and revenue

OyoThe global travel technology company announced the promotion of Shrirang Godbuli to the position of Chief Services Officer and Shirish Damani as Chief Revenue at the company on Friday.

Shreerang was the Senior Vice President – Consumer Product while Shirish was leading the revenue function at OYO Vacation Homes (OVH).

Shirish Damani, in his new position, will focus on building a profit-first, technologically advanced, and customer-centric approach to OYO. He will be responsible for the Consumer Product Team and will work to make the OYO App and Website more user-friendly. During his seven-year tenure at OYO, Shirish helped revamp the revenue management system at OYO Vacation Homes (OVH), with the acquisition of Leisure Group being the highlight of his mission. Shirish was also instrumental in laying the foundation for OYO’s dynamic pricing system and algorithms.

In order to further OYO’s global mission of building a consumer-first approach, Shreerang, in his new role as Chief Services Officer, will be responsible for serving and experiencing customers and beneficiaries globally. He will work closely with operations, stakeholder engagement and customer service teams across markets, leading consumer service charters and partner service products. In his previous role as Senior Vice President – Consumer Products, Scherang was responsible for building and scaling products that sustainably improve customer experience, while unlocking revenue maximization opportunities.

During his eight-year tenure, Shreerang led several roles and responsibilities at OYO and led major interventions such as Building Yo! Chatbot, OYO Wizard+ forms into an attractive loyalty program, and campaigns that generate consumer confidence like VaccinAid and Sanitized Before Your Eyes (SBYE) during the pandemic.

(This article will be updated with the latest news throughout the day.)

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