Exponent Energy co-founder Sanjay Jagannath steps down for personal reasons
Business
Sanjay Jagannath, who co-founded EV rapid-charging startup Exponent Energy, has stepped down for personal reasons.
He started the company in 2020 with Arun Vinayak after leaving Ather Energy and owns about 3% to 3.7% of the firm.
His exit is part of a wave of founder departures seen across Indian startups this year.
Exponent valuation hits $150 million to $180 million
Exponent's valuation has jumped to $150 million to $180 million from $90 million in 2024, and they've raised more than $60 million so far, with plans to bring in another $22 million to $28 million.
Backers include Eight Roads Ventures and TDK Ventures.
Co-founder Vinayak called this leadership change a chance for fresh ideas to help the company grow.