Vuclip, the world's largest independent mobile video and media company, has appointed Apurva Desai as its new chief financial officer (CFO). In his role, Desai will oversee global accounting, financial planning & analysis, legal, human resources and other operational support functions at the company.
"We are confident that Desai's experience in the mobile and digital advertising industries globally combined with an excellent track record in financial management will lead Vuclip to its next level of growth," said Nickhil Jakatdar, CEO, Vuclip.
Desai brings more than 15 years of operational and financial experience with publicly- and privately-held global companies based in the Silicon Valley. Most recently, he was the VP-finance for Exponential Interactive, a global provider of advertising intelligence and digital media solutions to brand advertisers, managing all global financial planning and analysis, sales operations, and facilities responsibilities. Previously, he had worked at companies like mobile games publisher Glu Mobile, Yahoo, Intel Corporation, and Ernst & Young. He holds a MBA from Indiana University, Kelley School of Business and a BS degree from Miami University (US).
"The Vuclip team has scaled the business in emerging markets that have been traditionally challenging for many, particularly when it comes to generating revenue. I am excited to blaze new trails with the team and continue bringing engaging mobile video to users around the world while delivering compelling value to carriers, content providers and advertisers alike," said Desai.
Co-founded by Indian-origin entrepreneur Nickhil Jakatdar (CEO) and Zhigang Chen (CTO), Vuclip serves video on-the-fly, on any device, and in any country. Headquartered in California (US), the company claims to be reaching more than 100 million unique users on a monthly basis. The company also has offices in New Delhi, Mumbai, Singapore, Dubai, Shenzhen, Beijing and Ottawa. In November 2012, the company had secured $13 million in Series D, led by a new investor, SingTel Innov8, besides existing investors NEA and Jafco Ventures. Prior to that (May 2012), it had raised $8 million in Series C from NEA and Jafco.
Last year, the company had acquired the core assets of Indian Angel Network (IAN)-backed Jigsee, a mobile video streaming company, for an undisclosed sum.