Bolt CEO Maju Kuruvilla to Step Down

Maju Kuruvilla, the erstwhile CEO of one-click checkout company Bolt, has stepped down from his position, making way for Justin Grooms, Bolt’s global head of sales, who now assumes the role of interim CEO, as per Grooms’ LinkedIn profile. Justin Grooms, with a background in executive roles at companies like Ultraleap, Datron World Communications, and Qualcomm, steps into the CEO role with a wealth of experience.

Kuruvilla, without much elaboration, confirmed the change via LinkedIn and X, posting a succinct message, “One-Click Checkedout from @bolt! Onwards,” accompanied by a rocket emoji. While he declined further comment, Arjun Sethi, a co-founder of the venture firm Tribe Capital, acknowledged his departure and expressed admiration for Kuruvilla’s contributions.

The decision to remove Kuruvilla was reportedly made by the Bolt board over the weekend. Kuruvilla, a former Amazon executive, assumed the CEO position in January 2022 following the departure of founder Ryan Breslow.

Bolt has faced its share of challenges, including controversies surrounding its founder and legal inquiries. Despite significant fundraising efforts and partnerships with notable retailers, the company weathered layoffs and regulatory scrutiny. However, under Kuruvilla’s tenure, efforts were made to steer Bolt towards profitability and enhance its service offerings.

With Grooms at the helm, Bolt aims to chart a new course forward, leveraging its position as a leading one-click checkout provider and forging strategic partnerships to drive growth and innovation in the competitive e-commerce landscape.

Have you read?
Ranked: These are the best countries in the world for digital nomads and expatriates, 2024.
Ranked: Countries with the Highest and Lowest Depression Rates, 2024.
Ranked: Countries with the Highest and Lowest Doctors Per Capita, 2024.
Ranked: Countries with the Highest Smoking Rates, 2024.
Ranked: These countries have the least access to safe drinking water in the world, 2024.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Email Address*

Name