MAM
Suneet Manchanda joins Mogae as COO
MUMBAI: Mogae Media has got on board Suneet Manchanda as its COO for deals and delights. He will be based at the company‘s Gurgaon headquarters and shall report to chief value officer Rajendra Gupta.
Gupta joined a few months ago from Reliance ADA Group.
Mogae Media executive director Tanya Goyal said, “Suneet has rich experience in eCommerce space and is one of the few individuals who has built some of the best known ecommerce businesses from scratch in India. He has played pivotal role in creating and managing businesses at Indiatimes, Sify, Tradus and Ladyblush. He possesses great understanding of key business processes and has worked with a wide range of businesses in leadership roles.”
Prior to joining Mogae, Manchanda co-founded the women-only shopping website Ladyblush and took care of technology, merchant acquisitions and alliances. He continues to be an investor in the company. Before becoming an entrepreneur, he was VP and business head for Tradus which is an Ibibo venture where he spent four years and built the eCommerce business from scratch.
Manchanda started his carrier with Times FM, the radio business of BCCL in sales in the year 1996 before moving to Times Internet Ltd in 1999 where he launched Indiatimes Shopping. After Indiatimes, he moved on to head business development and operations for Sifymall, an ecommerce venture of Sify.
Brands
Oyo parent Prism appoints former Sebi chief Ajay Tyagi to Board
Former market regulator joins Prism to strengthen governance for IPO
NEW DELHI: Prism, the parent entity of Oyo, has appointed former Sebi chairman Ajay Tyagi as an independent director, as the hospitality firm gears up for its planned Rs 6,650 crore initial public offering (IPO).
Tyagi, a 1984-batch IAS officer, served as chairman of the Securities and Exchange Board of India (SEBI) from 2017 to 2022. His appointment is aimed at strengthening the company’s governance framework and providing strategic oversight as it moves closer to a public listing.
He joins a high-profile board that already includes several prominent names from global business and policy circles. These include Troy Matthew Alstead, former CFO and group president of Starbucks; Aditya Ghosh, co-founder of Akasa Air; Deepa Malik, paralympic athlete and Padma Shri awardee; William Steve Albrecht, professor of accountancy at Utah State University; and Bejul Somaia, partner at Lightspeed Venture Partners.
Prism founder Ritesh Agarwal, said Tyagi’s experience in capital markets regulation and public-institution stewardship will be critical as the company scales operations and enhances long-term accountability.
The company recently filed preliminary papers with Sebi to raise Rs 6,650 crore through a confidential route. Market sources estimate its valuation will be in the range of $7 billion to $8 billion.
Over the course of his career, Tyagi has held senior roles in the ministry of finance, where he oversaw investment policy and financial-sector reforms. His induction to the Prism board signals a renewed focus on aligning the company’s internal standards with the stringent requirements of public markets as it advances toward its IPO.
