Nishant Pitti, co-founder of EaseMyTrip, has resigned as CEO, with Rikant Pitti set to take over, per a regulatory filing.

Nishant sold a 1.41% stake in the company, and EaseMyTrip shares dropped 1.5% to 15.49 rupees (around US$0.19) on the Bombay Stock Exchange.

On December 31, he sold shares worth 78.3 crore rupees (around US$9.4 million), following a September sale of 920 crore rupees (around US$110 million) that led to a 20% share price drop.

This leadership change mirrors broader 2024 trends of startup executive exits, including Harsha Shah of Fynd and Chandan Singh of Adda247.