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'To new beginnings'. Urban Ladder co-founder Rajiv Srivatsa finds change scary, but his LinkedIn parting note wins hearts

Hours after stepping down as the CTO, he posted a parting note on LinkedIn.

ET Online and Agencies|
Updated: Oct 22, 2019, 03.44 PM IST
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Rajiv Srivatsa​​ will transition out of his leadership role at the end of this month.​
Rajiv Srivatsa will transition out of his leadership role at the end of this month.
NEW DELHI: 'The journey of a thousand miles starts with a single step' - Lao Tzu

Quoting the renowned Chinese philosopher, Urban Ladder's co-founder has decided to take his first step in pursuit of a new journey. Rajiv Srivatsa stepped down from his role as the home furnishing company's Chief Technology And Product Officer on Monday after eight 'outstanding' years, and his parting note on LinkedIn is what won hearts.

Mentioning that while the 'period of change is exhilarating and scary', the 40-year-old entrepreneur revealed that he is keen at exploring various avenues in the coming months before he decides to choose a specific path.

"I am starting with a reasonably blank slate... I would love to connect with many of you, hear your experiences and maybe some dots will connect," he added.


In his LinkedIn post, Srivatsa confirmed that he will 'continue to be an engaged shareholder and Board member', and work with the Ratan Tata-backed company's founder and CEO, Ashish Goel. He will transition out of his leadership role at the end of this month.

Furthermore, he thanked the customers, investors, partners, team members, friends, family and Goel for the ride of a lifetime.

​Rajiv Srivatsa​ (L) thanked Ashish Goel (R) for the ride of a lifetime​.
Rajiv Srivatsa (L) thanked Ashish Goel (R) for the ride of a lifetime.

Under his leadership, the Bengaluru-based raised five rounds of over $100 million capital from some of India's best VC firms including Kalaari, Sequoia, SAIF Partners, Steadview and investors such as Ratan Tata, Anand Rajaram and Venky Harinarayan, etc.

Founded in 2012, Urban Ladder is present in more than 90 cities, with five offline stores in Bengaluru and Delhi-NCR. The company had announced a shift in its business model from online retail to a furniture brand in July 2017.

Reports in June claimed the omnichannel furniture retailer trimmed 40 per cent of its headcount in the country, bringing it down to nearly 700.

Azim Premji, Indra Nooyi & Jack Ma: Farewell Notes By Business Leaders That Struck A Chord

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Azim Premji, Former Chairman, Wipro

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In his final letter to Wipro employees, Azim Premji, who recently announced his retirement, wrote: “Leading Wipro from 1966 till now has been the greatest privilege of my life.” Here are some other memorable words from departing CEOs. (Text: Shannon Tellis)
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