Eduvanz strengthens leadership team, onboards vertical heads to lead business growth
Published on December 23, 2021
Eduvanz, a digital Fintech NBFC announced the appointment of key members in the core leadership team to enhance the growth of their business verticals. The hires include Shyam Sundar to head Investor Relations, Debt and Co-lending Partnerships; Hanish Dewan to head Human Relations (HR); Shikhar Kotwal to lead the Enterprise Business; Vikas Dadoo to head Marketing & Corporate Communications.
During the pandemic, the online education market expanded at 52% CAGR* with Eduvanz seeing its business grow faster than the rest of the fintech sector due to the increasing need for education financing. The Fintech sector itself is witnessing an immense growth year on year, achieving a CAGR of 24.56% with a surge in demand for upskilling amongst students and professionals, quoted a ResearchAndMarkets.com report. Keeping in line with this growth the fintech company that is catering to the edtech sector is strengthening its workforce capacity, starting with leadership. These appointments are in line with the company’s plans to expand its lending operations with the launch of new products in the near future.
Shyam Sundar (ex- Director-Origination with Northern Arc Capital and has also worked with Cognizant, GMR Group, ICICI Bank), joins as Senior VP, Investor Relations, Debt, and Co-lending Partnerships, with an aim to create long-term value for Eduvanz investors and forging meaningful partnerships with industry leaders; Hanish Dewan (ex-Times Group, KPMG, and Lenskart), joins as Head of HR comes with rich experience, focusing towards optimizing organizational processes; As Vice President, Shikhar Kotwal (ex-Enterprise Sales Head with NWORX and has also worked with EXL Services, Designs-in-Change, and Manipal University) joins Eduvanz to expand its enterprise offerings. Heading Marketing and Corporate Communications for Eduvanz; Vikas Dadoo (ex-Blackberry Mobiles, Reliance Group, Adfactors PR, and Times Group), is a valued addition in reshaping the flagship brand and creating a foreground for upcoming new product launches in the learning eco-system.
Welcoming the new leadership team onboard, Eduvanz CEO Varun Chopra said, “Our commitment towards building stakeholder value extends beyond products and includes our human capital. I am sure that the appointment of these strategic leaders with a deep understanding of the Indian market, a proven track record of serving clients, and strong leadership skills will drive forward our mission to provide inclusive leadership. We aim to establish Eduvanz as a future-forward financial conglomerate for learners that encourages trusted relationships with Team Eduvanz and our financial partners, institutional partners, investors, and of course, our learners.”
In August this year, the company raised $30 million in funding in a Series B round led by Juvo Ventures, Sequoia Capital India and Unitus Ventures, among others. The company aims to create a complete learner’s ecosystem and has consolidated its position as an exclusive lender for learners.