Shamik Sharma Joins MoneyTap as Advisor

He helped navigate Myntra's company through various changes and built a strong technology team

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MoneyTap, India’s first app-based credit line, announced that Shamik Sharma, Myntra's former chief product and technology officer has joined the company as an advisor with immediate effect. With his deep experience in product development, data science and technology, Shamik will be responsible translating business needs of MoneyTap to enhance the product roadmap and help shape the organization as it scales. Shamik also brings an unique mix of deep and broad technical expertise, product design, and business experience, specifically in high-growth startups.

Shamik is a well-known technology stalwart with over 17 years’ of experience and has spent a significant time in the US Silicon Valley. Along with his role at MoneyTap, Shamik will continue being a venture partner at pi Ventures, India’s first Applied Artificial Intelligence, Machine Learning & IoT focused early stage venture fund. In his earlier avatar, Shamik was the Chief Product and Technology officer at Myntra, where he was responsible for driving technology strategy and culture.

As part of the Myntra leadership team, he helped navigate the company through various changes and built a strong technology team. Shamik was also the VP of Software at Lytro, a light field camera start-up in the US and has held executive roles at RockYou, StumbleUpon and Yahoo.

A computer science graduate from IIT-Kharagpur, Sharma has a Master’s degree in computers from the University of Maryland, US.

Founded by serial entrepreneurs Bala Parthasarathy, Anuj Kacker & Kunal Varma, MoneyTap pioneered the concept of a Credit Line for consumers. An unknown concept until now, Credit Line has seen a huge demand from consumers in the lower-middle income group, due to its unique product which combines the usage of cash and card. The company recently crossed the milestone of 1 million user installs and raised a total of $12.3 million in funding from Sequoia India, NEA & Prime Venture Partners.

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