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Nykaa Sues Former CBO and Current Tata Cliq CEO for Contract Breach

  • Nykaa has filed a lawsuit against its former chief business officer, Gopal Asthana, now CEO of Tata Cliq, for breaching confidentiality and misappropriating proprietary data.
  • The company claims Asthana approached several Nykaa employees to join Tata Cliq, with some making the switch over the past year.
  • Nykaa seeks a refund of around Rs 19 crore in employee stock option benefits and Rs 5 crore for loss of goodwill.
  • The Bombay High Court issued an interim order preventing Asthana from hiring Nykaa executives for Tata Cliq.
  • Asthana denies the allegations, stating they will be addressed in arbitration, and emphasized that Tata Digital is not involved in the lawsuit.

Source: India Times

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Software Engineers
by SqueakyHamsterProduct Designer

Things aren’t good at Nykaa

I left the product design team of Nykaa a few days back & I foresee things going from bad to nasty. My x colleagues are telling me how a large bunch of folks are put on PIP deliberately. Almost all of them have gotten no or single digit ...

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user

Time to short Nykaa Shares

user

Om shanti 🙏🏽

user

Man when will things turn around 😓. Everywhere it’s getting difficult to stay