Home Trending Videos Photos

Nykaa new CTO will take over on November 1 after spending 20 years at Amazon

Rajesh Uppalapati will be the next Chief Technical Officer (CTO) of online fashion retailer Nykaa. His appointment will be effective from November 1.

The company has made this announcement today on October 27. Rajesh will replace Nykaa current CTO Sanjay Suri. Nykaa has given this information in the information sent to the stock exchanges.

1 nykaa

Rajesh worked in Amazon before Nykaa

Rajesh Uppalapati has a vast technical experience of over two decades. He has a proven track record of completing software projects supporting multi-stage businesses. Before joining Nykaa, he used to work in Intuit India.

Apart from this, he has worked in Amazon for about 20 years. He has worked in Amazon in many positions in many countries.

The first quarter of the current financial year was great for Nykaa

Talking about the financial health of online fashion retailer Nykaa, the first quarter of the current financial year 2022-23 was excellent. In April-June 2022, Nykaa parent company FSN E-Commerce Ventures posted a consolidated profit of Rs 5.01 crore, up 42.24% year-on-year.

In the same period, Consolidated Operational Revenue stood at Rs 1148.4 crore, up 40.5%.

Shares are not doing well

Nykaa shares are not looking good. This year it has broken nearly 50%. Its IPO came last year and its shares were listed on November 10. Its shares were issued to IPO investors at a price of Rs 1125 and on BSE today it has closed at Rs 1049.15 i.e. IPO investors are in loss of more than 7%.

Share your love