Key Points
Social e-commerce company DealShare on Thursday said Sourjyendu Medda, one of the co-founders, will step down from his position, and has appointed Kamaldeep Singh as the companys new chief executive officer..
The move wont have any impact on the companys operations, headcount, strategy and its vision of being a leader in the grocery and consumables market by targeting Indias rapidly growing mass market consumption," DealShare said in a statement..
With a strong push on offline retail, the company is in the process of transitioning from an online-only model to a hybrid model that combines both online and offline operations," DealShare added..
Kamaldeeps appointment succeeds Vineet Rao, who, other than DealShare, has also launched two other startups in the area of virtual reality and cross border e-commerce - SpectraVR Studios Pvt LtdandShopwest,respectively..
DealShare, a Jaipur-based social commerce startup owned and operated by Merabo Labs Pvt Ltd, procures products from local manufacturers and provides them with a platform to digitize their business..
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27, Nov, 23“There is a review going on since Rao stepped down as the CEO. Singh and Medda are the two candidates from the existing management. But the (proceedings) are being run by (a) third-party firm to follow due process,” a person briefed on the matter said.