Thursday, April 18

Marketing Head Daman Soni steps down from MobiKwik

Digital Wallet Firm MobiKwik’s marketing and growth department head, Daman Soni has resigned from his post, marking another senior level exit from the company.

While the firm witnessed a growth as compared to its previous reports it has lost some prominent employees in its senior level hierarchy in a span of last 6-8 months.

A year back in November 2017, Akash Gupta Vice President and marketing head to walked away to launch his own green tech venture.

Earlier, Vineet Singh, Chief Business Officer too had stepped down in April this year. Additionally, Rukaiya Rangwala, head at payment gateway business also called a quit in April, while retail head Vivek Sinha resigned in May.

Soni has confirmed his exit informing that he would be looking at fresh opportunities in the mobile technology space. Soni is an alumnus of Indian School of Business, Hyderabad and National Institute of Technology, Rourkela. Soni had joined MobiKwik in 2016 before which he has previously worked with Japanese chat app Line and also cofounded PlanetGoGo

The Gurugram headquartered payment firm was in the news when it went live with its UPI interface “ikwik” handle aiming to expand its digital payments business.

Moreover, with leaders like PhonePe and Paytm competing in the same industry, Bajaj Finance backed MobiKwik has been actively pushing itself to battle pitched market seeking to grasp its hold in the rapidly growing digital payement industry.