Business Standard

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

Shivani Shinde Mumbai
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 26 2023 | 5:38 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com