2nd February, 2021: VAHDAM India has appointed Mohit Bajaj as it’s Chief Financial Officer. Mohit comes with almost 20 years of progressive experience in finance strategy & was previously the CFO of leading fintech firm, LendingKart. He specialises in corporate finance, business planning, investor relations, treasury management, core accounting and diverse industry verticals.
Mohit will look after the entire Strategic Finance function including accounts, finance and legal for VAHDAM India. He will report into the Founder & CEO, Bala Sarda.
" We are growing fast & are now profitable as a business. With our operations spread globally, we were looking for a leader to help us get ready for the next stage of our business lifecycle. We look forward to Mohit setting up the company for financial & regulatory structures & building a strong finance team.” said Bala Sarda
“E-commerce is an incredible opportunity & VAHDAM has built a commanding business in this space. Having worked with leading international and home-grown companies at varied growth phases, I look forward to leveraging my experience to drive growth opportunities , managing the finance & reporting function of Vahdam and nurturing relationships with the auditors, investors & regulators " said Mohit Bajaj.
The company has till date raised over USD 17 Million funding from India’s top investors including VCs like Fireside Ventures, Sixth Sense Ventures, Mankind Pharma, SAR Group, Urmin Group, Chona Family and entrepreneurs like Kris Gopalkrishnan (Infosys Founder), Pankaj Chaddha (Zomato Founder), Amrish Rau (PayU Founder) amongst others.
Founded in 2015 by Bala Sarda, the brand is on a run rate to do 150+ crores in Net Revenue in the current fiscal 2020-2021 & is one of the fastest growing consumer brands from India to reach this scale. The company gets ~95% of its sales via online channels.