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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The resignation comes amid investor concerns about the online travel aggregator’s declining promoter shareholding and struggles to grow.
In a major top-level reshuffle, EaseMyTrip on Friday announced that Prashant Pitti has resigned as managing director effective immediately. His brother Nishant Pitti, who also serves as chairman of the online travel aggregator, will take over this role after approval from the shareholders.
This is the second major leadership change at EaseMyTrip this year. On 1 January, Nishant had stepped down as the company’s chief executive officer (CEO), with Rikant Pittie—the company’s chief financial officer (CFO) and his brother—replacing him.
In a letter to the company’s board on Friday, Prashant said he was resigning as MD “to dedicate more time …
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
The technology investor’s move to pour Rs 2,000 crore into the online travel aggregator comes as a surprise. Can ixigo live up to the promise of becoming India’s next big travel platform?
The online travel aggregator’s growth struggles get worse, even as it announces worryingly pointless acquisitions instead of setting its house in order. There’s no respite for its public shareholders.
