Powerhouse91, building India’s Thrasio by acquiring and growing Indian e-commerce brands, has appointed Nikhil Agrawal as Chief Corp Dev Officer. In his new role, Nikhil will join the founding team at Powerhouse91 and lead acquisitions and fundraising.
Nikhil brings more than 15 years of experience across M&A, Fund Raising, Investments, Capital Markets, Debt Financing, Joint Ventures, Partnerships, and Venture Capital. Most recently, he was heading Corporate Development at OYO Hotels & Homes (high growth tech-driven, global hospitality player). Having worked with marquee organizations such as Bharti Airtel (Top 3 telecom company globally), Standard Chartered Bank, and Credit Suisse (leading global investment banks) in the past, Nikhil adds a wide array of expertise from across businesses to the team at Powerhouse91.
Aqib Mohammed and Shashwat Diesh, co-founders at Powerhouse91, said, “We are extremely excited to have Nikhil on board. At Powerhouse91, we are building something with the potential to define the next important chapter in India’s E-commerce story. The opportunity, while immense, will require nothing less than top-level execution across all functions, and with Nikhil on board, we feel doubly confident of being able to achieve that.”
On joining as the co-founder and Chief Corp Dev Officer, Nikhil said,”I am excited to become a part of Powerhouse91’s journey. E-commerce in India has and will continue to provide a solid platform for entrepreneurs to create great brands with a sizable scale. Powerhouse91 provides a boost to the seller ecosystem in India by giving them an opportunity to derive a large financial outcome while also taking their brands to the next level.”
Powerhouse91 aims to be a critical enabler in the growth of India’s e-commerce sector in the coming decade. The company is looking forward to acquiring up to 25 e-commerce brands over the coming year.
Powerhouse91 acquires successful e-commerce brands and leverages extensive e-commerce expertise to take these brands to the next orbit of growth through its deep experience in e-commerce, spread across areas like Supply Chain, Marketing, Product, and Technology.
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