The company appoints Samit Srivastava (ex-Jubilant Food Works, Jubilant Life Sciences, HealthKart, Perfetti Van Melle) as Chief Business Officer and CEO-SaaS Global, and Ashish Chawla (ex-OYO) as Head of Strategy
The expertise of these industry leaders will act as catalysts in realizing LocoNav’s expansion plans in emerging and high-growth markets including India.
New Delhi, 8th September 2021: LocoNav, a disruptive full-stack fleet-tech startup, today announced the appointment of Samit Srivastava (ex-Jubilant Food Works, Jubilant Life Sciences, HealthKart, Perfetti Van Melle) as CEO - SaaS Global and Chief Business Officer, and Ashish Chawla (ex-OYO) as Head of Strategy. In line with its aggressive expansion and strategic plans and post successful Series B fundraising, LocoNav brings these industry experts on board to realize its vision of democratizing fleet-tech in emerging and high-growth markets, across the globe. The company also recently announced the appointment of Anjali Joshi, former Google VP-Product Management, to its Board of Directors.On the appointments, Shridhar Gupta, Co-Founder, LocoNav said, “We are at an exciting juncture in our journey. As we scale the business both organically and through strategic acquisitions, Samit’s incredible background and actionable insights will help us align the organization and drive the next phase of growth.”
"As we drive value for millions of fleet owners and operators, Ashish’s decade-long experience and credentials will be invaluable to us in propelling growth and driving aggressive scale across emerging markets," said Co-Founder Vidit Jain.
Samit Srivastava, who comes with 20+ years of diverse industry experience spanning across FMCG, E-Commerce, Nutrition, Branded Pharma, and QSR, was the Chief Business Officer at Jubilant FoodWorks and prior to that the Vice President and Business Head at Jubilant Life Sciences. He has also spent 14 years at Perfetti Van Melle before he moved to HealthKart as a Senior Vice President.
With over a decade of experience in building businesses, Ashish Chawla co-founded Stichio in 2016. Prior to Stichio, he was part of WEnergy Global in Singapore, where he worked on several business spheres for the company giving him an overview of business development outside India and helping him to build on his expertise in business strategy. He spent over 3 years at OYO across different leadership roles, the most recent being the Chief Customer Experience Officer, South Asia.
About LocoNav
Founded in 2016, LocoNav is a full-stack fleet software company focused on democratizing access to fleet technology for drivers and fleet owners in emerging and high-growth markets around the world. With a presence in over 25 countries across the globe, LocoNav is a one-stop fleet-tech solutions platform.
Backed by AI and IoT-led innovative offerings, LocoNav empowers fleet owners and operators to achieve operational efficiencies and cost-savings, along with driver and vehicle safety. LocoNav’s products and services include Fleet Management Solutions like LocoDrive - a virtual driver control center with advanced solutions to keep fleet owners in sync with their drivers, LocoADAS - advanced video telematics & driver safety solution, LocoPay - an easy toll and prepaid cards payment solutions to eliminate the need for petty-cash management, and LocoRTO - a one-stop destination that helps in compliance management & other solutions.
LocoNav has recently raised $37M in a Series B round from Quiet Capital, Anthemis Group, Sequoia Capital India, Fundamental, RIT Capital Partners, Uncorrelated Ventures, Village Global, and other leading investors. For more information, please visit: https://loconav.com/
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