Startup shake-up: Founders make way for veterans

Startup shake-up Founders make way for veterans

Startups are restructuring at the top level as founders make way for more seasoned executives, either from within the organisation or an external hire, to lead their ventures.

Recently, news aggregator startup InShorts co-founder Azhar Iqubal assumed the title of chairman after relinquishing his CEO role to co-founder Deepit Purkayastha; similarly at Mygate, Vijay Arisetty became chairman when co-founder Abhishek Kumar was appointed CEO.

Profitability in focus

Growing in number since March 2023, these executive transitions signal a focus on profitability and governance in the startup ecosystem. This trend is expected to gain more momentum in the coming year, according to industry executives.

“The trend highlights the emphasis on the path to profitability within the startup ecosystem, leading to a thorough reassessment by both founders and professional management in the past year,” said Anshuman Das, CEO and co-founder, LONGHOUSE Consulting.

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