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Nivea India gets new sales director in Srikanth Iyer
MUMBAI: He loves reading and sharing his thoughts about leadership. Former Kimberly-Clarke sales director Srikanth Iyer has hopped over to Nivea India with the same title. With a career of more than 16 years spent in sales, Iyer has had tenures with various multinational and Indian companies.
The BE in computer science Mumbai university and IMT Ghaziabad PGDM in marketing joined Patni Computer System out of college, and then got into selling beer while at Sab Miller as area manager. He then spent a good six years at Pepsico looking after the Mumbai territory’s sales and customer marketing before developing a sweet tooth and joining Mondelez handling Eclairs, Halls, Bournvita and Tang for a year and some months before being given charge of the largest territory for the company.
Opportunity came his way from Himalayan Wellness Co to take over as business head for Bangladesh. He gladly took it up and led a team of 500 across functions and developed the market for Himalaya face care , body care, hair care, baby care and animal care products. A position he held for two years.
A short stint of less than a year followed at Metro Wholesale India which he joined as senior vice-president head of sales and marketing. He then joined Kimberly Clark India as sales director leading the company’s sales strategy and its execution.
“Srikanth has led route-to-market transformations, implemented alternate distribution models, and partnered on product innovation. Over his career, he has built high-performing teams that drove profitability and achieved significant market share gains across categories such as personal care, baby care, wellness, and retail, establishing himself as a results-driven FMCG leader,” said Nivea India in a post on linkedin. “ At Nivea India, Srikanth will lead our sales strategies, strengthen distribution networks, and enhance market presence, supporting our mission to provide trusted skincare solutions to consumers across the country.”
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
