Mayank Sancheti, Senior Vice President at audio platform Pocket FM, has resigned,adding to the shakeup in the company’s leadership. Sources say Sancheti is now in his notice period after years of shaping the company’s product and monetization strategies.
Before Pocket FM, Sancheti worked at global mobility firms Grab and Uber. His departure follows that of Anurag Sharma, the Chief Financial Officer, who is also serving his notice as he looks to pursue entrepreneurial opportunities. company is eyeing Abhilash Padival, currently Director of India Investment Banking at Bank of America Merrill Lynch, to take over for Sharma.
These exits come as Pocket FM ramps up efforts to boost profitability and streamline operations in a tough funding environment for consumer internet startups. Last month, the company cut over 100 jobs in restructuring move aimed at reducing costs.
Pocket FM did not respond to inquiries about Sancheti's resignation. The leadership changes signal the company’s adjustments in a competitive landscape.
