Retail News CRM

Tag: seeking

  • Revolut Gears Up for Swiss Expansion, Seeking Top-Tier Executives for Groundbreaking Move

    Revolut Gears Up for Swiss Expansion, Seeking Top-Tier Executives for Groundbreaking Move

    Revolut, the digital banking platform, has unveiled ambitious plans for expansion in the Swiss market. The company’s General Manager for Switzerland, Julian Biegmann, declared that Revolut is “building the future of Swiss banking” and announced an extensive recruitment drive aimed at elevating the company’s presence in Switzerland.

    Senior Positions Open for Recruitment

    The available roles currently being advertised by Revolut include Head of Risk, Head of Legal, Treasury Manager, Tax Manager, Business Risk Manager, and a Strategy & Operations Manager catering to both retail and business clients. This level of seniority and the range of positions available are unprecedented for Revolut within the Swiss market, marking a significant shift in the company’s approach.

    Focused on Regulatory Compliance

    Interestingly, many of the vacant roles are concentrated on regulatory, legal, and risk management functions. This emphasis is seen by industry insiders as an intentional move by Revolut, signalling that the company is establishing a solid foundation for a more independent operation in Switzerland.

    For years, there’s been ongoing speculation in the Swiss banking and fintech circles that Revolut may be considering applying for a Swiss banking license. While the company has not made any public confirmations, the current wave of recruitment lends more credibility to these rumours.

    Biegmann emphasized in his announcement that Revolut is seeking candidates who thrive in “fast-paced environments” and are eager to have a significant “impact at scale.” He further stated that all applications are being processed solely through Revolut’s official recruitment portal.

    Presently, Revolut services a substantial and expanding Swiss client base under its European license framework. The company’s long-rumored larger ambitions now seem to be materializing into tangible organizational steps within Switzerland.

    Questions & Answers

    What positions is Revolut currently hiring for in Switzerland?
    Revolut is recruiting for several senior roles, including Head of Risk, Head of Legal, Treasury Manager, Tax Manager, Business Risk Manager, and a Strategy & Operations Manager.

    Why is the emphasis on regulatory, legal, and risk management roles significant?
    The focus on these roles suggests that Revolut is laying the groundwork for a more self-governing operation in Switzerland, possibly indicating its intention to apply for a Swiss banking license.

    What kind of candidates is Revolut seeking for these roles?
    Revolut is looking for candidates who are comfortable in dynamic, fast-paced environments and are eager to make a significant impact at scale.

  • Lenskart to launch IPO this week, seeking US$7.9b in valuation

    Lenskart to launch IPO this week, seeking US$7.9b in valuation

    Lenskart Solutions, a leading Indian eyewear retailer, is preparing to unveil its Initial Public Offering (IPO) this week. The company is targeting a valuation of approximately 695 billion rupees, which equates to around $7.91 billion.

    Details of the IPO

    Lenskart Solutions has established a price range of 382-402 rupees per share, which translates to around $4.35 to $4.57. As part of the IPO, Lenskart will issue fresh shares amounting to 21.5 billion rupees. Current investors, inclusive of the company’s founders, are also set to sell approximately 128 million shares, as indicated in an updated prospectus.

    The IPO will commence on October 31 and continue until November 4, with anchor investors beginning to submit their bids on October 30.

    Lenskart’s Success Story

    Lenskart Solutions was established in 2010 and has its headquarters in Gurgaon. As of September 10, the company was valued at $6.1 billion. It operates more than 2060 stores throughout India and has more than 650 outlets internationally.

    The main shareholders, often referred to as ‘promoters’, encompass a Mumbai-based private equity firm named Kedaara Capital, Temasek, a state-owned investment company from Singapore, and SoftBank from Japan.

    Future Plans

    In a statement released in July to the Securities and Exchange Board of India (SEBI), Lenskart Solutions announced that the funds procured from the IPO will be utilized to invest in the establishment of new company-owned, company-operated stores nationwide.

    Questions & Answers

    What is the targeted valuation for Lenskart Solutions’ IPO?
    The company is aiming for a valuation of approximately 695 billion rupees or around $7.91 billion.

    Who are the main shareholders of Lenskart Solutions?
    The primary shareholders include a Mumbai-based private equity firm named Kedaara Capital, Singapore’s state investment company, Temasek, and Japan’s SoftBank.

    What will the funds procured from the IPO be used for?
    Lenskart Solutions has stated that the funds will be utilized to invest in the establishment of new company-owned, company-operated stores across India.