Over 40 Indian startup leaders transitioned between founding and executive roles in 2024: report

Over 40 executives in the Indian startup ecosystem moved between senior leadership roles and entrepreneurial positions, with some stepping up as founders and CEOs, according to data shared by executive search firm Longhouse Consulting.

Karthik Gurumurthy, former head of Swiggy Instamart, donned the cofounder hat by partnering with legendary cricketer Sachin Tendulkar to launch SRT10 Athleisure, a sports athleisure brand. He was joined by another former Swiggy executive, Karan Arora, as the third cofounder, as reported by ET.

Amid several top-level movements at Flipkart, Ayyappan R, who led the travel booking platform Cleartrip owned by the ecommerce major, exited the firm to build his own quick commerce startup, FirstClub. The startup recently raised $8 million in a seed funding round led by venture capital firms Accel and RTP Global, with Flipkart cofounder Binny Bansal participating as an angel investor.

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