CosmicTaco

Avnish Anand Steps Down as CaratLane MD & CEO

CosmicTaco · 2024-09-02T10:45:44.203059+05:30

- Avnish Anand announced his resignation from CaratLane, citing a desire to reprioritise life and pursue other interests. - Anand spent 13 years at CaratLane in two stints, rising to become cofounder and CEO. - CaratLane reported a 5% YoY decline in net profit to INR 78.59 Cr in FY24, while operating revenue jumped 41% YoY to INR 3,080 Cr. - Tata-owned CaratLane has not yet announced a successor to Anand. - Anand plans to continue working in the startup ecosystem and help build more CaratLanes, while also exploring other interests. Source: [Inc42](https://inc42.com/buzz/avnish-anand-steps-down-as-caratlane-md-ceo/)

Avnish Anand announced his resignation from CaratLane, citing a desire to reprioritise life and pursue other interests.
Anand spent 13 years at CaratLane in two stints, rising to become cofounder and CEO.
CaratLane reported a 5% YoY decline in net profit to INR 78.59 Cr in FY24, while operating revenue jumped 41% YoY to INR 3,080 Cr.
Tata-owned CaratLane has not yet announced a successor to Anand.
Anand plans to continue working in the startup ecosystem and help build more CaratLanes, while also exploring other interests.

Source: Inc42