Ex- Unilever honcho, Neeraj Chandra chairs Innoviti’s Board
Innoviti Payment Solutions has roped in the induction of former Unilever and Britannia Senior Executive, Neeraj Chandra to its Advisory Board.
The move is a part of Innoviti's aggressive growth plans for scaling up its flagship solutions - uniPAY NEXT and smelending.com - post its recent US$18 million Series B fund raise in July 2017.As part of his role on the company's Advisory Board, Neeraj Chandra will be advising Rajeev Agrawal, Innoviti's MD & CEO and the leadership team, on the Go-to-Market strategy, product roadmap and organizational structure evolution to meet the requirements of Innoviti's long-term strategic vision.
Currently, Innoviti's uniPAY NEXT payments platform processes over US$3 billion of annual transaction volume through over 50,000+ POS terminals across India. Innoviti's volume/ terminal is 2x of national average, indicative of the superior acceptance of the platform.
Neeraj Chandra's induction is in line with Innoviti's aggressive plans for scaling up of its business operations post the latest fundraise of US$ 18 million in a Series B funding round led by the Singapore-based SBI FMO Emerging Asia Financial Sector Fund (the 'SBI-FMO Fund' jointly setup by SBI Holdings Group of Japan and FMO of Netherlands), Bessemer Venture Partners and existing investor Catamaran.
An alumnus of IIM Ahmedabad and IIT Kanpur, Neeraj Chandra carries with him 30 years of experience in diverse sales, marketing & business roles across Asia & Middle East. He was earlier chaired with Emami Limited as the CEO of their Consumer Care Division. Prior to that, he held a variety of leadership roles including VP & COO at Britannia and Regional Brand Director for Asia at Unilever.
Speaking on the induction, Rajeev Agrawal, MD & CEO, Innoviti Payment Solutions said, "Neeraj's presence on our Advisory Board will be a great asset as we look to ramp up our payment solutions businesses. His rich and diverse expertise across Sales, Marketing & Business Strategy roles will help us in accelerating our business growth in both domestic & international markets, as well as providing the requisite mentorship and guidance to our young and energetic team."
"I'm very excited to be a part of Innoviti's Advisory Board at a crucial time when the company is poised to aggressively grow the market footprint of its pioneering industry-leading solutions in the digital payments and lending space. Innoviti's technologies have been at the forefront of setting new benchmarks for how retail businesses can seamlessly and cost effectively handle both their payment acceptance processing and their business credit needs. I look forward to interacting with Innoviti's leadership team and guiding them in this exciting journey," said Neeraj Chandra, Advisory Board Member, Innoviti