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Ola Hires Saikiran Krishnamurthy As Senior Vice President
Homegrown cab aggregator Ola has hired former Flipkart executive Saikiran Krishnamurthy as their new senior vice president to drive the company’s growth forward. Krishnamurthy was appointed as the chief operating officer of Flipkart in 2015 and later as the head of the ecommerce company’s supply chain vertical including eKart and Jeeves.
Krishnamurthy was one of the senior executives who stepped down after Kalyan Krishnamurthy took over as the chief executive officer of Flipkart. He worked as a director and operations head in the management consultancy firm McKinsey for 15 years before joining Flipkart. An IIM Ahmedabad graduate, Krishnamurthy was also responsible for McKinsey’s implementation program along with leading its chemicals and agriculture practice in India. At Ola, he will head the newly created marketplace and spearhead new growth initiatives, according to a news daily.
Ola also witnessed some top level changes in January this year when Pepsi India veteran Vishal Kaul joined the company as the chief operating officer. Sundeep Sahni, who handled new initiatives such as Ola Shuttle, Ola Auto, Ola e rikshaw and Ola Kali Peeli quit the company in December 2016. The head of the luxury cab services, Ola Lux, Abhimanyu Rawal also put down his papers around the same time to join a US retail firm. Harish Abhichandani, who quit the ecommerce firm, Flipkart, joined the cab hailing company as its chief financial officer recently.
Earlier this month Ola secured a loan of Rs. 1000 crores from India’s fifth largest private sector bank, Yes Bank, to expand its consumer vehicles fleet. The company also raised close to $ 36 million from the New York based hedge fund, Tekne Capital Management in August by allocating 1,71,173 fully and compulsorily convertible preference shares at Rs. 13,521 apiece. Neither the parent company ANI Technologies Pvt., Ltd., nor Ola have commented on the new recruitment.
Rozana, India’s leading rural retail platform, has secured ₹290 crore ($35 million) in a Series B funding round led by Bertelsmann India Investments (BII), with participation from Omidyar Network India, Vivid Capital, and Tana Investment Holding. This Rozana funding brings its total capital to over ₹500 crore, fueling hyperlocal expansion in underserved rural markets. Founded in 2021 by brothers Prashant and Prateek Chauhan, the startup’s phygital model blends micro-stores, app-based ordering, and last-mile delivery to connect 5 million+ users in 12 states with brands like ITC and HUL.
The ₹290 crore investment will supercharge Rozana’s rural omnichannel retail strategy, targeting 5x growth in 18 months. Plans include adding 5,000 micro-stores in Uttar Pradesh, Bihar, and Rajasthan; AI-powered inventory tech; and new categories like groceries and electronics. By empowering 20,000+ rural micro-entrepreneurs, Rozana taps into India’s $700 billion rural retail boom, where smartphone penetration and UPI drive 12% annual growth.
This Rozana Series B milestone positions it as a frontrunner against rivals like Ninjacart, eyeing unicorn status by 2028 amid ONDC tailwinds. CEO Prashant Chauhan emphasized, “We’re building rural prosperity through accessible premium brands.” For more on Rozana funding news and rural retail trends, stay updated on India’s startup ecosystem.
Peak XV Partners has launched three new funds totaling $1.3 billion, targeting India’s booming startup ecosystem. The lineup features the $600M Surge fund (8th edition) for early-stage ventures, a $300M Growth Fund for Series B+ scaling, and a $400M Acceleration Fund for rapid portfolio expansion. This commitment arrives as India’s VC inflows rebound, with AI and fintech leading 2026 trends.
These funds build on Peak XV’s legacy of backing unicorns like Zomato and Pine Labs, offering founders capital plus strategic guidance amid post-winter recovery. Early-stage deals surged 20% last year per Tracxn, positioning Peak XV to fuel the next wave of innovation in SaaS, climate tech, and consumer plays.
For startups eyeing Peak XV new funds or Surge fund 2026 applications, this signals prime opportunities. Investors and marketers should watch for deployment updates India remains a global VC hotspot.
Hyderabad, January 13, 2026 Neeman’s, India’s leading D2C footwear brand famed for sustainable shoes and patented PIXLL® technology, has raised $4 million from existing investors. This funding boosts its cumulative capital past $10 million since 2015, with a post-money valuation nearing $50 million. CEO Vijay Chahoria emphasized offline retail as the “next frontier,” planning 50+ new stores in Tier 2/3 cities like Jaipur and Lucknow to blend eco-friendly innovation with hands-on customer experiences.
In India’s booming D2C ecosystem where footwear sales hit ₹1.2 lakh crore in 2025 Neeman’s targets hybrid retail amid high online CAC and 25-30% returns. Backed by vegan, machine-washable shoes priced ₹2,000-4,000, the brand leverages PIXLL® (5x more breathable than leather) for carbon-neutral comfort. Recent 5x revenue growth to ₹100 crore ARR, 1M+ pairs sold via Myntra and stores, and awards at India D2C Summit 2025 position it ahead of rivals like Paaduks.
Neeman’s offline expansion India eyes the $15B sustainable footwear market by 2028, fueled by PLI schemes, Gen Z’s 70% eco-preference (Nielsen), and Southeast Asia exports. Challenges like real estate costs are offset by data-driven inventory and omnichannel QR tech. Watch for Q1 2026 launches in Hyderabad and Bengaluru redefining D2C success through authentic, “Wear the Change” branding.
Apple MacBook Air M5 Launched: M5 Chip, 22-Hour Battery in India
₹290 Crore Boost: Rozana’s Series B Funding Scales Rural Retail Network Nationwide
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