One of the most common occurrences in the world's third-largest startup ecosystem, besides yearly layoffs, ESOP buybacks, and unicorn creation, among others, is cofounders and leaders at the helm exit
The article from Inc42 discusses a notable trend in 2024 where several high-profile startup founders and CEOs in India have stepped down from their roles. This wave of resignations includes prominent names like Ankit Bhati of Ola Cabs, who resigned to focus on new ventures, and Kunal Shah of CRED, who transitioned to an advisory role. The reasons cited for these departures range from personal reasons, strategic shifts within the companies, to seeking new challenges or focusing on different aspects of their businesses. The article highlights how these changes are part of a broader pattern where founders are either moving to advisory positions, exploring new entrepreneurial ventures, or taking a backseat to allow professional management to steer the companies. This trend reflects a maturing startup ecosystem in India, where leadership transitions are becoming more common as companies scale and face new market dynamics.
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