VCCIRCLE - July 9 - People Group founder Anupam Mittal has stepped down as CEO of online matrimonial portal Shaadi.com to focus on global expansion and new areas of business. Gourav Rakshit, who was the COO, takes over as Shaadi.com's new CEO. People Group plans to raise a big round of PE funding later this year. Mittal, who is an active angel investor in several startups, started Shaadi.com in 1996 before forming People Group to look at other opportunities in technology space. Mittal has made angel investments in ~60 startups.
by Debjyoti Roy
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