Apart from Ashish Shah, Chief Business Officer (CBO) and Chief Growth Officer (CGO) Viral Jhaveri and VP Manik Oberoi have also left Zepto in recent months. Chief Marketing Officer Amritansu Nanda too quit last year.
Singh joined DealShare in December 2022 after 14 years with Big Bazaar where he held several leadership positions.
Moneycontrol checked with six portfolio companies and none of the founders had a clue about a move of this magnitude.
Prior to the shutdown of the HSR office, DealShare was paying a monthly rent of around Rs 40 lakh. DealShare now joins a list of companies like Byju’s and Dunzo which have also given up their office spaces in Bengaluru to cut costs.
The B2B division, while smaller than the B2C unit, still accounted for about 20-25 percent of DealShare’s revenue.
All staffers from non-tech divisions are being asked to relocate to Delhi within three months because the region is becoming more important for DealShare.