Meesho, a SoftBank-backed value commerce platform, is undergoing a leadership restructuring as its CXO for Business, Utkrishta Kumar, departs from the company to embark on his entrepreneurial journey after a successful five-year tenure. The company expressed its appreciation for Kumar’s significant role in shaping Meesho’s business and contributing to its success.
Megha Agarwal, who serves as CXO for Growth at Meesho, will assume Kumar’s role following his departure. At the same time, Nilesh Gupta, the Senior Director for Growth, will be promoted to the position of General Manager for Growth, as outlined in the official statement.
Wishing the best for the entrepreneurial journey, a Meesho spokesperson stated “We would like to express our heartfelt gratitude to Utkrishta Kumar who has decided to move on to pursue his entrepreneurship dream after a successful five-year stint with Meesho. He has been instrumental in shaping Meesho’s business and has played a key role in our success over the years.”
“As we extend our best wishes for his future endeavors, we welcome Megha Agarwal as CXO Business and Nilesh Gupta as GM User Growth. With a strong leadership team, we will continue our mission of democratizing internet commerce for everyone.” The statement extended.
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Meesho initially began as a social commerce platform before transitioning to an e-commerce marketplace model that caters to value-conscious consumers. The platform reported significant growth during its recent festive sale, marked by 1.6 crore new app installs. In August, the SoftBank-backed company announced its profitability at a consolidated level in July, driven by reduced marketing expenses and employee cost optimization.
