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.”