Former Bizongo employee arrested in Mumbai. The B2B e-commerce startup has accused Nainish Shah, a former associate director, of allegedly misappropriating about ₹20 crore through fake invoices. Nainish Shah has been arrested by the Mumbai Police. The arrest follows an FIR filed by Bizongo in April alleging breaches related to conspiracy, breach of trust, cheating and forgery.
Lendingkart has undergone a major leadership churn since October 2024, set in motion by its key investor Fullerton Financial Holdings. The shake-up was intended to keep an eye on the cash-strapped fintech. There has been an exodus of senior executives, including Sandeep Somnani (Chief Officer) and Gautam Singhania (CFO). Co-founder Harshvardhan Lunia has also been kept out of the loop on major decisions, signaling Fullerton’s active takeover.
In September last year, a group of senior women executives at Microsoft India sought a meeting with the country head, Puneet Chandok, and the HR head, Rikatkar. The matter was far from routine. They were concerned about the treatment of women executives under the current leadership of the tech giant’s India arm. The trigger was the recent exit of a senior woman executive in the leadership team. Those seeking the meeting were of the view that the executive had been unfairly forced out of her job and that Chandok and Rikatkar had not stood up for her.
