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Online Movie Rental major Seventymm appoints Mudit Khosla as the new CEO

New Delhi, India, November 4, 2009 Seventymm.com, India's largest movie rental company today announced the appointment of Mudit Khosla as the new Chief Executive Officer. In his new role, Mudit, former founding GM and Business Head of Yatra.com, will be reporting to the board of directors of Seventymm.com. He will be responsible for developing and executing Company's long term growth strategies, launching new initiatives and developing new earning opportunities, thereby capitalizing on the Rs 100 Crores fund raised from Matrix Partners India, Draper Fisher Jurvetson and NEA Indo-US Ventures. On his appointment Mudit Khosla, said, “I feel privileged to join this exciting and dynamic team and look forward to working closely with the staff, management and board during the next phase of Seventymm's growth. I am extremely pleased to take on this new role. I am confident about the potential that exists in online movie rental business. I look forward to the challenges and opportunities that lie in the business.” “Mudit's track record in building online businesses will be an asset to Seventymm.com. With him leading Seventymm, I am confident of getting closer to our vision of delivering any movie anytime anywhere in India,” said Raghav Kher, Founder and Director of Seventymm. Speaking on the occasion, Rishi Navani, Managing Director, Matrix India, said, “We are excited to have Mudit Khosla join as CEO and look forward to his leadership in an important growth phase for the company. I would like to take this opportunity to acknowledge the significant contributions of Raghav Kher and look forward to his continued involvement on the board of Seventymm.” Mudit brings a wealth of experience in the e-commerce business. Being a founding member of Yatra.com, Mudit played a vital role in creating some path breaking strategies for the company. In just three years since its inception, Yatra has become one of India's biggest travel companies. Prior to joining Yatra, he headed online shopping channel of Indiatimes.com. He holds a Master's degree in Management and undergraduate degree in Mechanical Engineering. He is also an avid traveler. About Seventymm (seventymm.com): Seventymm is India's largest movie rental service. With over 20,000 original movies in 18 different languages and in every genre that movie is made, Seventymm is currently operational in Delhi, Mumbai and Bangalore.

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