People Digest: Nykaa CFO resigns; Entrepreneur First appoints India head

People Digest: Nykaa CFO resigns; Entrepreneur First appoints India head

Indian online beauty retailer Nykaa on Tuesday said its chief financial officer (CFO) Arvind Agarwal has resigned from the company. Separately, Entrepreneur First has named former Swiggy executive Rahul Samat as partner and India head, VCCircle reported.

Nykaa CFO resigns

Online beauty retailer Nykaa’s chief financial officer (CFO) Arvind Agarwal has resigned from the firm, the company said in a filing on Tuesday.

He joined Nykaa in July 2020 as the CFO before working as the FP&A leader & business controller at Amazon India.

Nykaa said Agarwal would move on to “pursue other opportunities in the digital economy and start-up space”.

The company is in the process of appointing a new CFO, the regulatory filing added.

Entrepreneur First appoints India head

UK-based early-stage firm Entrepreneur First has named former Swiggy executive Rahul Samat as partner and India head to lead the business and operations in the country, VCCircle reported.

The firm also said it expects to increase its pace of investments in the country.

Entrepreneur First will now commit $75,000 in each startup from the $55,000 it invested previously, the report added.

“To realize the potential of India’s talent pool in the coming years, early-stage investment has to transform into early-stage support,” Samat said.

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