Avnish Anand Steps Down as CaratLane MD & CEO

• Avnish Anand announced his resignation from CaratLane, citing a desire to reprioritise life and pursue other interests.
• Anand spent 13 years at CaratLane in two stints, rising to become cofounder and CEO.
• CaratLane reported a 5% YoY decline in net profit to INR 78.59 Cr in FY24, while operating revenue jumped 41% YoY to INR 3,080 Cr.
• Tata-owned CaratLane has not yet announced a successor to Anand.
• Anand plans to continue working in the startup ecosystem and help build more CaratLanes, while also exploring other interests.

Source: Inc42