Cofounder Nishant Pitti stepped down as CEO shortly after selling 1.41% stakes in online travel aggregator EaseMyTrip

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Brothers Rikant and Prashant Pitti, started Easemytrip in 2008 as an online travel agency, company has now expanded into insurtech & electric bus manufacture

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Pitti has served as CEO of the company from its founding. Rikant will succeed him and further boost EaseMyTrip's standing in the sector

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Pitti has been dissolving his ownership in the corporation, handing up his part in 2024

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On December 31, he sold 4,99,52,163 shares at INR 15.68 each (INR 78.3 Cr), price plunged 10% on reports of Pitti selling entire stake in the company

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Nishant sold 24.65 crore shares of the firm in various block deals for INR 920 crore in September, causing the company's shares to fall 20% on the BSE

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As of 10:16 a.m. Jan 2, EaseMyTrip shares were down roughly 1.5% to INR 15.49 per share on the BSE, down from the previous closing of INR 15.72

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According to Inc42's compilation of leadership exits over the last year, around 15 cofounders and CEOs have hung up their hats

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Harsha Shah, Cofounder of Reliance-owned retail technology platform Fynd, left the company in November without explaining why

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Additionally, Chandan Singh of Adda247 resigned after nearly two years after being promoted to cofounder of the edtech business

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