AUSTIN, TX – GroupBy
Inc., a leading provider
of relevancy-focused eCommerce solutions,
today announced it has promoted Srikant Nayak to Chief Financial Officer. In this role, Srikant is responsible for aligning GroupBy’s sales cycle,
business decisions and operations to
ensure GroupBy’s present and future growth. Prior to
becoming GroupBy’s CFO, Srikant served as VP
of Finance and Senior Director of
Finance for GroupBy, having joined the
company in 2015.
With over 22 years of international experience across multiple industries including software, natural
resources, infrastructure and medical
devices, Srikant brings superior experience
in managing the accounting and finance functions of companies
and understanding the complexities of the enterprise sales
cycle. Srikant holds a CPA, CA designation
from Canada and is also a Chartered Accountant from India.
GroupBy is the first data-driven individualization platform that engages the consumer on a one-to-one basis while allowing the
retailer to influence its shoppers in a non-intrusive or
obvious way. As GroupBy continues to expand its client
portfolio as well as increase its employee presence in both its Toronto
and Austin offices, Srikant’s leadership will ensure capital efficiency in this next stage of
company growth.
“We are currently in one of the most exciting stages of
our journey at GroupBy as we
continue to witness unprecedented growth,”
said Roland Gossage, CEO, GroupBy. “Srikant has been a key component in ensuring we
are being smart and efficient as we continue to innovate. We are thrilled to have his
breadth and depth of experience as we continue to evolve and deliver a
best-in-class eCommerce experience to
our
customers.”
Prior to joining GroupBy, Srikant served in various finance leadership roles,
most recently serving as director of Homeland Energy Group, a coal producer with operations in South Africa,
where he oversaw the audit and governance committee. Srikant also served as VP of finance for Toronto-based
Unit Park, a parking management
company, where he was responsible for the overall capital plan and
ensuring revenue controls and audit procedures maximized the company’s revenue integrity. Furthermore,
Srikant’s rolodex of finance leadership includes prominent roles in international
companies including Thinet Emirates in Abu Dhabi, El Dukair in Saudi Arabia and Tata Elxsi in
Bengaluru, India.
“At GroupBy, I have seen our
customer logos expand qualitatively due to the amazing offerings we have, developed and serviced by a team of very smart and enterprising individuals,” said Srikant Nayak, CFO, GroupBy. “As CFO, I am excited to play an important role in helping the
management team steer this amazing startup to its full
potential. I believe we have entered the most exciting stage of our journey as we have doubled ourselves every year, and have a strong pipeline that will ensure we not only keep but exceed that pace.”