Ryan Valles has been appointed as the new CEO of DealsAndYou, a daily deals site owned by Smile Group, reports VC Circle. He is replacing Gaurav Kachru who has now joined Smile Group’s corporate development and strategy team as group executive vice president in April.
In March, Valles had joined Smile Group as Entrepreneur In Residence, according to his LinkedIn profile. He will now report to Harish Bahl, Founder and CEO, Smile Group. Prior to DealsAndYou, Valles has worked with Accenture, Everest Group, Halcyon, Private Equity, and was also the Managing Director of Urbanscape, a company that owns and manages new innovative advertising structures at the New Delhi Terminal 3 airport.
DealsAndYou.com was launched in August, 2010 and features daily deals on the best things to do, see, eat, and buy in 250 cities. It had acquired online portal www.wanamo.com in June 2010 to enter the Indian marketplace & went live with the new brand in Aug 2010.
DealsAndYou had secured funding Rs 84 crore from a group of investors, led by Mayfield Fund and Norwest Venture Partners. Prior to this it had received a funding of $1.5Mn from Group Buying Global AG.
The company had then been valued at $85 million.
April 22, 2013, 5:55 am UTC
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