Karthik Prabhakar, managing director and global head of fundraising at Chiratae Ventures, has left the VC firm. Meanwhile, Hong Kong-based online B2B wholesale marketplace Peeba has appointed Benny Wong as supply chain director and Brian Lee as the vice president of product. Separately, global fintech firm MODIFI has roped in Wenlong Huang as its general manager for the Mainland China market.
Karthik Prabhakar to leave India’s Chiratae Ventures
Karthik Prabhakar, managing director and global head of fundraising at Chiratae Ventures, has left the VC firm, per a report by AVCJ.
Prabhakar joined Chiratae Ventures – then IDG Ventures India – as a senior analyst in 2011 and was promoted to managing director and head of global fundraising.
He has been a part of the Indian tech ecosystem since 2005 with an experience in engineering, rapid prototyping, marketing, fundraising, investment advisory and portfolio management.
Prior to Chiratae Ventures, Prabhakar worked with Intel
Peeba strengthens leadership
Peeba, the Hong Kong-based online B2B wholesale marketplace, has appointed Benny Wong as its supply chain director and Brian Lee as vice president of product as the company strengthens its presence across the Asia Pacific market.
The major additions to its core team follow Peeba’s $4.2 million seed funding round led by Headline Asia, announced in April this year.
Wong brings with him extensive hands-on expertise in supply chain management. He previously served in C-Suite positions in several global e-commerce logistics startups, after starting out as a management trainee at Kerry Logistics Network.
Meanwhile, Lee’s prior experience includes his tenure as product lead for local leisure at e-commerce platform Klook, where he spearheaded the growth and development of F&B, entertainment, and insurance.
Founded in 2020, Peeba is a fast-growing online B2B wholesale marketplace that provides independent retailers across Asia access to a curated catalog of unique brands, reduced inventory risk, higher operational efficiency, and lower costs.
MODIFI strengthens Greater China team
Global fintech firm MODIFI announced the appointment of Wenlong Huang as the general manager for the Mainland China market.
Huang joins MODIFI from Tencent – a multinational technology and entertainment conglomerate – where he spearheaded business development for cross-border payment and FX solutions for both WeChat Pay users and B2B customers across more than 60+ countries and regions based out of mainland China.
With the appointment of Huang, MODIFI plans to strengthen its position in business payments. He will be working alongside Tony Au, who will focus on the Hong Kong market for MODIFI.