App based credit-line brand MoneyTap has announced appointment Shamik Sharma as its new Advisor. Sharma was earlier associated with Myntra as chief product and technology officer.
Shamik comes with deep experience in product development, data science and technology. He will be handling business needs of MoneyTap to enhance the product roadmap and help shape the organisation as it scales.
He also holds an expertise in product design, and business experience, specifically in high-growth. startups.
Shamik is a well-known technology stalwart with over 17 years’ of experience and has spent a significant time in the US Silicon Valley. Along with his role at MoneyTap, Shamik will continue being a venture partner at pi Ventures, India’s first Applied Artificial Intelligence, Machine Learning & IoT focused early stage venture fund.
In his earlier stint, Shamik was the Chief Product and Technology officer at Myntra, where he was responsible for driving technology strategy and culture. As part of the Myntra leadership team, he helped navigate the company through various changes and built a strong technology team. Shamik was also the VP of Software at Lytro, a light field camera start-up in the US and has held executive roles at RockYou, StumbleUpon and Yahoo.
A computer science graduate from IIT-Kharagpur, Sharma has a Master’s degree in computers from the University of Maryland, US.
Founded by serial entrepreneurs Bala Parthasarathy, Anuj Kacker and Kunal Varma, MoneyTap pioneered the concept of a Credit Line for consumers. An unknown concept until now, Credit Line has seen a huge demand from consumers in the lower-middle income group, due to its unique product which combines the usage of cash and card. The company recently crossed the milestone of 1 million user installs and raised a total of $12.3 million in funding from Sequoia India, NEA & Prime Venture Partners.
MoneyTap boasts of a stellar team comprising of several employees who have been founders or held leadership positions in startups. To keep up with its rapid expansion plans, the company is increasing its employee count and plans to add 50 new team members in Tech, Data, Product, Marketing & Ops in the next 6 months.