Mumbai: Debt marketplace CredAvenue on Monday announced the appointment of Krishnendu Majumdar as chief product officer.
In his new position, Majumdar will drive CredAvenue’s product strategy and build deeper synergies within different product verticals through technology-oriented solutions, said the statement.
Krishnendu has over two decades of extensive experience in building scalable solutions for complex and disruptive businesses in both - B2B & B2C domains. He has derived customised solutions for complex business challenges and has managed and mobilised cross-functional teams under the product, engineering and operations verticals in multiple leadership roles at InMobi, SGT Global and TCS, among others.
“We are redefining debt markets through our product-first approach. We have built India’s most comprehensive debt product suite under one marketplace, and we aim to only expand our product offerings across each of our sub platforms in the near future" said CredAvenue founder and CEO Gaurav Kumar. "We are delighted to have Krishnendu in this mission-critical role. Krishnendu’s deep domain expertise will help us elevate the operations of our current product portfolio while also driving the development of innovative new products to fuel further growth. Krish will be integral to our leadership team as we continue to penetrate deeper into the Indian financial market.”
Most recently, Krishnendu served at Flipkart at vice president of catalogue and buying experience. He has experience across domains like banking, online brokerage, supply chain management, advertising, and e-commerce.
At Flipkart, he played an instrumental role in automating the entire cataloguing experience by leveraging hundreds of ML/AI models. Over the years, Krish has demonstrated strong product management, operational, technical and strategic leadership capabilities.
“CredAveneue is a category creator and has built a truly one-of-a-kind debt marketplace paving the way for a transformational approach to the Debt markets. I am elated to be joining them at this juncture of their journey," stated Krishnendu Majumdar. "India has been underserved with respect to the availability of credit to the largest section of the population. With the democratisation of credit availability, India can truly aspire to become a $5 trillion economy. CredAvenue has also demonstrated immense potential to unlock significant economic growth by allowing easier credit accessibility which is aiding growth and aspiration of people.”
