
Honasa, Pocket Entertainment, and Slikk Announce Key Appointments
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Honasa Consumer Appoints Yatish Bhargava as Chief Business Officer
Honasa Consumer, the parent company of popular beauty and personal care brands like Mamaearth and The Derma Co., has named Yatish Bhargava as its new Chief Business Officer.
In his new role, Bhargava will lead business operations across Honasa's brand portfolio and sales channels, with a focus on strengthening category leadership and driving omnichannel growth.
Bhargava brings with him extensive experience from senior roles at Flipkart and Hindustan Unilever, where he led initiatives across general trade, modern retail, and ecommerce. He holds an MBA from the Indian Institute of Management, Lucknow.
"With a strong track record in P&L management, GTM strategy, and execution, Yatish brings the right balance of strategic insight and operational rigour needed for this phase of our journey," said Varun Alagh, Co-founder and CEO of Honasa Consumer.
Bhargava's appointment comes after the resignation of former CBO Zairus Master in February. The company recently restructured its leadership team, elevating Karan Bajwa as Chief Human Resources Officer and Avinash Dhagat as Chief Supply Chain Officer.
In Q4 FY25, Honasa reported a net profit of Rs 24.9 crore, an 18% decline from the previous year. However, its revenue rose 13% year-on-year to INR 533.5 crore.
Pocket Entertainment Elevates Umesh Bude to CTO
AI storytelling leader Pocket Entertainment, the parent company of Pocket FM, Pocket Toons, and Pocket Novel, has announced the promotion of Umesh Bude to Chief Technology Officer (CTO).
Formerly the Senior Vice President of Engineering, Bude will now oversee the company's overarching technology strategy as it deepens its commitment to AI-powered storytelling.
In his new role, Bude will lead innovation across all platforms, focusing on building immersive, AI-enhanced user experiences and driving the company's vision of turning technology into an active storytelling partner.
"It's a privilege to take on this responsibility at such an exciting time for Pocket Entertainment," said Bude. "I look forward to driving the next wave of innovation, where technology and AI are not just enablers, but storytellers in their own right."
With nearly 20 years of experience in engineering, data science, and platform security, Bude has played a crucial role in scaling the company's tech infrastructure from the ground up. His promotion reflects Pocket Entertainment's growing emphasis on fusing technology with creativity.
"We are at a pivotal moment in our journey where technology and creativity are deeply intertwined," said Prateek Dixit, Co-founder of Pocket Entertainment. "Umesh's elevation is a reflection of our ambition to lead this transformation from the front. His leadership will be central to creating intelligent, emotionally aware experiences that push the boundaries of what storytelling can be."
Bude will continue reporting to Dixit as he leads the development of next-gen AI capabilities, ensuring Pocket Entertainment remains at the forefront of responsible and transformative innovations in entertainment technology.
Slikk Appoints Sachin Kataria to Lead Beauty and Personal Care Vertical
Gen Z-focused quick commerce platform Slikk has announced the appointment of Sachin Kataria as Head of Beauty and Personal Care (BPC), marking a major milestone in its expansion into the beauty and wellness space. With over 17 years of experience, Kataria will lead Slikk's newest vertical as part of the Founder's Office.
A former Vice President at Nykaa, Kataria brings deep domain knowledge in beauty, personal care, and consumer tech. "I've always believed that beauty is deeply personal—but it's also rapidly evolving," said Kataria. "Slikk's model offers a unique opportunity to reimagine how beauty can be discovered, experienced, and delivered. I'm excited to build this vertical from the ground up."
Founded in 2024 by Akshay Gulati, Om Prakash Swami, and Bipin Singh, Slikk delivers fashion and lifestyle products within 60 minutes across Bengaluru. The company is now eyeing beauty and self-care as key growth engines.
"Sachin's depth of experience in building and scaling consumer businesses makes him the ideal leader to build our beauty and personal care vertical," said Co-founder Akshay Gulati. "This is a key milestone in accelerating our vision to become India's fastest and most reliable lifestyle marketplace."
Backed by USD 10 million in Series A funding led by Nexus Venture Partners, Slikk aims to offer high-performance beauty assortments, strategic brand tie-ups, and seamless quick-commerce experiences for India's next-gen consumers.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


TechCrunch
43 minutes ago
- TechCrunch
India bans real-money gaming, threatening a $23 billion industry
India's lower house of parliament on Wednesday passed a sweeping online gaming bill that, while promoting esports and casual gaming without monetary stakes, imposes a blanket ban on real-money games — threatening to disrupt billions of dollars in investment and significantly impact the real-money gaming industry, which could see widespread shutdowns. Titled the Promotion and Regulation of Online Gaming Bill, 2025, the legislation aims to prohibit real-money games nationwide — whether based on skill or chance — and ban both their advertisement and associated financial transactions, as TechCrunch earlier reported based on its draft version. 'In this bill, priority has been given to the welfare of society and to avoid a big evil that is creeping into society,' India's IT minister Ashwini Vaishnaw said in parliament while introducing the bill. The proposed legislation restricts banks and other financial institutions from allowing transactions for real-money games in the country. Anyone offering these games could face imprisonment for up to three years, a fine of up to ₹10 million (approximately $115,000), or both. Additionally, celebrities promoting such games on any media platform could be liable for up to two years of imprisonment or a fine of ₹5 million (roughly $57,000), the bill states. Vaishnaw said the decision to bring the legislation was to address several incidents of harm, including cases where individuals reportedly died by suicide after losing money in games. However, industry stakeholders largely attribute these incidents to offshore betting and gambling apps, which many believe will not be addressed by this legislation. 'This law is bound to face litigation as it fails the test of proportionality under Article 19(1)(g),' said Meghna Bal, director of the New Delhi-based think-tank Esya Centre. 'Instead of safeguarding consumers, it dismantles compliant onshore companies while opening the door wider for illegal offshore betting platforms that are the real source of financial harm.' Article 19(1)(g) of India's Constitution guarantees citizens the right to practice any profession or carry on any occupation, trade, or business. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW Ahead of the bill's introduction in the Indian Parliament, industry bodies wrote to Prime Minister Narendra Modi on Tuesday evening, urging him to intervene. The letter — sent by the Federation of Indian Fantasy Sports, All India Gaming Federation, and E-Gaming Federation, a copy of which was reviewed by TechCrunch — warned that the proposed legislation could benefit 'illegal offshore gambling operations' while forcing Indian businesses to shut down. These industry bodies represent Dream Sports, MPL, WinZO, Gameskraft, Nazara Technologies, and Zupee, among other real-money gaming companies. 'By shutting down regulated and responsible Indian platforms, it will drive [millions] of players into the hands of illegal matka networks, offshore gambling websites, and fly-by-night operators who operate without any safeguards, consumer protections, or taxation,' the letter stated. (Matka is a form of illegal gambling that originated in India, involving betting on random numbers.) The three industry bodies estimated that real-money gaming startups in India have a combined enterprise valuation of ₹2 trillion (approximately $23 billion), generate cumulative revenues of ₹310 billion (around $3.6 billion), and contribute ₹200 billion (roughly $2.29 billion) annually in direct and indirect taxes. They also project a 28% compound annual growth rate that would double the industry's size by 2028. The industry groups warned that the blanket ban could result in the loss of more than 200,000 jobs and the closure of over 400 companies. A similar letter was also written to Indian Home Minister Amit Shah by these three industry associations. Some Indian and global investors are also calibrating their response, a person familiar with the matter told TechCrunch. The source did not want to be named, as the plans are not yet public. Publicly-listed Nazara Technologies, which has previously invested in real-money gaming platforms including PokerBaazi and Classic Rummy, saw its share price fall 12.84% on Wednesday to close at ₹1,220 (about $14). The company, however, earlier clarified in a stock exchange filing (PDF) that it has 'no direct exposure' to real-money gaming businesses and that these platforms do not contribute to its revenues based on its latest reported financials. Nazara Technologies' Stock price on Wednesday Image Credits:Google Finance Dream Sports and MPL, two of the top real-money gaming startups, declined to comment, while WinZO, another popular real-money startup, did not respond. The bill was passed by voice vote in a noisy lower house less than seven minutes after it was introduced for debate. It now requires approval from the upper house and the president to become law. Meanwhile, some companies in casual gaming and esports have welcomed the move. 'We applaud this decision as it allows us to focus on the ongoing concerns as a business — monetization, retention, and most importantly, building great IP for India and the world, rather than having to explain to our audiences what we are to begin with,' said Sumit Batheja, CEO and co-founder of Ginger Games, which is part of Krafton's Indian gaming incubator and makes hyper casual games. Krafton is the South Korean gaming company behind the popular battle royale game PUBG. I welcome the Govt's decision to prohibit Real Money Gaming & establish a strong regulatory framework. 🇮🇳 Too many young lives were being lost to addiction & debt. This decisive step safeguards our youth while unlocking the future of Indian gaming — driven by original IP,… — Vishal Gondal (@vishalgondal) August 20, 2025 Akshat Rathee, co-founder and managing director of esports company NODWIN Gaming, which is also a subsidiary of Nazara Technologies, said the law needs to have clear distinctions between esports, online gaming, online social gaming, and online money gaming that are clearly defined and uniformly understood. 'The absence of precise definitions has often led to ambiguity and conflation around the term 'esports'. Such overlaps can create confusion not just for regulators, but also for players, teams, investors, and organizers who are working hard to build this industry,' he stated. Bal also told TechCrunch that the bill 'decimates esports,' as an authority set up by the Indian government would decide the validity of esports. 'The impact goes beyond real money gaming to the broader ecosystem of businesses that depend on it and indeed presents grave implications for the AVGC [Animation, Visual Effects, Gaming, and Comics] sector as a whole,' she said. In 2023, the Indian government amended the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, to curb 'user harm' from real-money games and proposed self-regulatory bodies to limit illegal betting and gambling while allowing legitimate games. However, the self-regulation approach faltered due to conflicts among industry stakeholders over enforcement and standards. New Delhi imposed a 28% tax on online gaming in 2023 to curb real-money play, prompting an outcry from industry stakeholders. Top investors — including Tiger Global, Peak XV Partners, and Kotak —urged Modi to reconsider, warning of $2.5 billion in write-offs and the potential loss of one million jobs. The tax, however, remained in place, even as companies challenged its retrospective application in the Supreme Court. Recent reports suggest it may be revised upward to 40% under new rules. Rohit Kumar, a founding partner of the New Delhi-based public policy firm The Quantum Hub, told TechCrunch that the real problem with the new bill is a lack of due process. 'Regulation is necessary, but abrupt moves like this undermine India's reputation as a stable, predictable investment destination. If concerns existed, the government should have signaled them clearly from the outset,' he said.

Wall Street Journal
44 minutes ago
- Wall Street Journal
TNB Tech Minute: Baidu Reports Lower Revenue Amid Weak Ad Business - Tech News Briefing
Full Transcript This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Speaker 1: Here's your afternoon TNB Tech Minute for Wednesday, August 20th. I'm Julie Chang for the Wall Street Journal. In earnings, Chinese search engine giant, Baidu, reported lower quarterly revenue amid a weaker performance in its core advertising business. Profit was better than expected though. Revenue for the second quarter fell 3.6 percent from a year earlier to 32.71 billion yuan, which equals to about 4.55 billion dollars. Baidu's CEO said the company's AI cloud business helped mitigate the near-term pressure on its online marketing business. Plus, General Motors has a new team focused on artificial intelligence. The automaker has been on a hiring spree the last eight months, bringing on board nearly a dozen hires from top tech companies, from Google to Meta to AWS. Its goal: to build a small but mighty AI team that'll assist the organization everywhere from factory production lines to the NASCAR racetrack, as well as help individual groups build AI workforces. Finally, we exclusively report that US battery companies are increasingly looking overseas for new manufacturing opportunities. Group14, a Seattle-based Silicon Valley materials maker, said it closed a $463 million funding round led by South Korean conglomerate SK. As part of that deal, Group14 will take control of the company's silicon battery material manufacturing in South Korea, having previously held a 25% stake in the joint venture. This comes at a time when support for clean tech wanes in the country. And that's a wrap for your TNB Tech Minutes. Tune in tomorrow morning for another quick Tech update.


Bloomberg
44 minutes ago
- Bloomberg
US Crude Exports Set to Rebound From Summer Slump on Asia Demand
US crude exports are finally picking up after a muted summer as domestic refineries begin preventive maintenance and the Trump administration threatens tariffs on India for purchasing Russian oil. Shipments are expected to surpass 4 million barrels a day in August and September, reaching levels not seen since the start of the year, according to some market participants. The price of West Texas Intermediate crude in Asia is cheaper than comparable Middle Eastern grades, which should keep encouraging sales over the next two weeks as traders start selling oil for loading in October.