PharmEasy founders Dhaval Shah, Dharmil Sheth, and Hardik Dedhia recently announced their plans to step down from their day-to-day roles at the e-pharmacy giant to launch a new venture in the consumer space. Their exit is part of a larger trend that defined India’s startup ecosystem in 2024 — a wave of high-profile leadership departures across co-founders, chief executive officers, and chief experience officers (CXOs).
The reasons behind this shift are multifaceted, driven by entrepreneurial ambitions, greater talent mobility, a growing acceptance of shorter tenures, and mounting regulatory and corporate governance challenges.
Some of the prominent leaders who stepped

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