Growth equity fund TVS Capital Funds Monday announced that it has promoted Gaurav Sekhri to the role of partner. In another development, Zomato has appointed Rakesh Ranjan as CEO of its food ordering and delivery business.
TVS Capital Funds elevates Gaurav Sekhri to partner
Growth equity fund TVS Capital Funds Monday announced that it has promoted Gaurav Sekhri to the role of partner as part of its ongoing efforts to institutionalise its operations.
In the six years that Sekhri has been with TVS Capital Funds, he has led the B2B services vertical and has spearheaded investments in LEAP India, Digit Insurance, and Increff, the fund said in a statement.
Sekhri brings with him experience in private equity and public market investments, having worked with companies such as Piramal Group, SBI Global Markets, ICICI Bank, and Bank of America.
Commenting on Sekhri’s promotion, Gopal Srinivasan, the Chairman and Managing Director of TVS Capital Funds, said, “This is part of our continued efforts to institutionalise TCF and take the fund to the next level. I am confident that Gaurav’s expertise in B2B product software and logistics and his wealth of experience will continue to help TVS Capital in its focus on supporting next-generation entrepreneurs, to build successful businesses.”
Zomato names Rakesh Ranjan as CEO of food delivery biz
Zomato has appointed Rakesh Ranjan as CEO of its food ordering and delivery business, it informed the Bombay Stock Exchange in a filing on Friday.
In addition, the company has named Rinshul Chandra as COO, food ordering and delivery business, and Rishi Arora as CEO of Hyperpure, a subsidiary of the company.
Ranjan was earlier business head of new businesses at Zomato and Chandra was vice president of product at the company. Prior to the new appointment, Arora was the senior vice president of operations at Zomato-owned quick commerce platform Blinkit.
“We believe that a change of leadership every now and then with capable people at the helm brings new perspectives to the business enabling it to evolve faster. Such leadership changes are also great for people development, and we are confident that our people strategy will set us up for success even decades from now,” Zomato said in the filing.