Adani Enterp. 2537.45↑61.85(2.50%)
Adani Ports 724.50↑6.25(0.87%)
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Asian Paints 3123.55↑22.05(0.71%)
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B P C L 363.30↓0.00(0.00%)
Bajaj Auto 4644.00↑126.40(2.80%)
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Coal India 240.05↓-0.95(-0.39%)
Divi's Lab. 3435.65↑52.50(1.55%)
Dr Reddy's Labs 4503.95↓-15.30(-0.34%)
Eicher Motors 3651.50↑40.60(1.12%)
Grasim Inds 1701.35↑1.00(0.06%)
H D F C 2647.40↓-24.35(-0.91%)
HCL Technologies 1116.00↑4.05(0.36%)
HDFC Bank 1609.60↓-6.20(-0.38%)
HDFC Life Insur. 572.05↑6.05(1.07%)
Hero Motocorp 2732.80↓-5.90(-0.22%)
Hind. Unilever 2597.25↓-17.70(-0.68%)
Hindalco Inds. 404.25↓-2.65(-0.65%)
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IndusInd Bank 1263.40↓-8.35(-0.66%)
Infosys 1304.35↑5.70(0.44%)
ITC 441.15↑7.65(1.76%)
JSW Steel 696.65↑0.65(0.09%)
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Larsen & Toubro 2204.70↑19.55(0.89%)
M & M 1277.80↑2.10(0.16%)
Maruti Suzuki 9281.85↑11.10(0.12%)
Nestle India 21474.90↑94.30(0.44%)
NTPC 174.50↓-0.45(-0.26%)
O N G C 166.00↓-0.25(-0.15%)
Power Grid Corpn 237.95↑2.15(0.91%)
Reliance Industr 2439.95↓-0.30(-0.01%)
SBI Life Insuran 1177.35↑2.00(0.17%)
St Bk of India 581.25↓-1.45(-0.25%)
Sun Pharma.Inds. 945.00↓-7.15(-0.75%)
Tata Consumer 780.30↑9.15(1.19%)
Tata Motors 514.85↓-5.35(-1.03%)
Tata Steel 104.85↓-0.35(-0.33%)
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Tech Mahindra 1098.10↓-0.65(-0.06%)
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UltraTech Cem. 7621.75↓-32.05(-0.42%)
UPL 675.80↓-6.45(-0.95%)
Wipro 394.10↓-5.60(-1.40%)

Start-ups beyond the founders: 2023 seems to be the year of changing roles

The funding winter and greater demands for accountability are encouraging promoters to step away from executive roles

company, board, management, policy, marketing, plans, growth, diversity, gender

Premium

The Indian start-up ecosystem has reached a point where there was a clear distinction between creators and those who could scale up and run a company

6 min read Last Updated : Jan 26 2023 | 11:04 PM IST

If the year 2021 was all about funding exuberance and 2022 about the funding meltdown, then 2023 seems to be the year of founders changing roles or taking a back seat. If it is not founders, then senior executives have chosen to leave start-ups as restructuring and focus of the companies changed.

On Wednesday, ShareChat’s founders Bhanu Pratap Singh and Farid Ahsan stepped down from executive roles at the company, the firm’s Chief Executive Officer Ankush Sachdeva said in an internal note.

Both Singh and Ahsan will continue to be on the company board and the next line of managers will take on the leadership role.