Nitin has 19+ years of experience as a banker, hedge fund analyst, and CFO with deep operational, fundraising, and M&A exposure in growth and turnaround situations. He has served as the CFO for a dozen technology companies, leading finance departments at multiple VC and PE-backed businesses with revenues ranging from $5 to $500 million. Nitin has structured and negotiated complex equity and debt financing exceeding $360 million and M&A transactions of $500 million, leading PMIs for 20+ deals.
Conducted an abridged due diligence process (45 days) on a three-person team, resulting in the $175 million asset acquisition by a multi-billion dollar investment management firm.
Worked with the CEO and senior management to transition legacy agreements and relationships to the new entity, restructured operations and the workforce, and established new policies and procedures.
Acted as the internal CFO by supervising a 115-person department, presiding over daily cash management and expenditures, monitoring the 13-week cash model, overseeing annual and transactional audit procedures, establishing monthly close processes in GAAP accordance, and satisfying reporting requirements to equity and debt investors with internal controls.
Assisted and secured a $75 million asset-backed loan and term loan package.
Architected the transition of the company’s IT infrastructure from on-premise legacy systems to modern SaaS/cloud solutions.
Reduced IT annual spend by 17% ($5 million) through renegotiations and the elimination of software and systems.
Negotiated a $16 million budget with new cloud-based software and service providers, covering ERP, HR, security, eCommerce, point-of-sale, and business intelligence systems.
Relaunched the eCommerce site with “Buy Online, Pick up In-store” and “Ship from Store,” which improved profitability from a negative EBITDA.
Guided the company's repositioning from an interactive agency to a highly-recurring SaaS company with $15+ million in ARR.
Managed annual revenue growth rates in excess of 100% while bootstrapping for the first three years.
Oversaw the headcount growth from five to over 200 employees across multiple locations.
Raised over $20 million in venture capital and debt financing from Insight Venture Partners, eBay, CrunchFund, Lead Edge Capital, Silicon Valley Bank, David Bonderman, et al.
Participated in board meetings and other strategic discussions with investors and management.
Reported monthly performance to investors and oversaw three audits, two changes in the corporate structure, and a change in revenue recognition policy.
Recruited and built nine teams to run finance, accounting, and administrative and operational functions.
Worked closely with sales, legal, and operations to cover client pricing, terms, staffing, and retention.
Architected and supervised the hosting infrastructure on Amazon Cloud that grew from a few servers to over hundreds of instances located globally with an annual spend of $1.5+ million.
Worked with the analytics team to identify, report, and optimize site performance metrics, such as page views, sales, order values, and conversion, translating into higher recurring revenue and retention rates for the company.