Gaurav Kachru, who had been appointed as the Chief Executive Officer of Smile Group’s daily deal portal DealsAndYou.com in October 2010, has had an internal transfer in the Group and is now back to being a part of the Corporate Development and Strategy team at Smile. Harish Bahl, Founder and CEO, Smile Group has confirmed the development to India Digital Review saying that the company is looking for a new replacement for Kachru and is going to announce this soon.

In November 2010, Guneet Singh, co-founder and director, DealsAndYou.com had sold his stake in the daily deal portal back to Switzerland-based Group Buying Global AG, which holds majority stake in DealsAndYou, and exited from the company. Following this, Kachru was made the CEO of the company.

Gaurav Kachru had earlier led new business incubation and corporate development functions across Smile Interactive Technologies Group which has businesses with WPP, Yahoo, ScanGroup, Group Buying Global AG and Brand Alliance Network (Private Shopping).

In November 2011, DealsAndYou had raised a funding of $17 million (Rs 84 crore) from a group of investors, including Mayfield Fund and Norwest Venture Partners. Other investors included Nokia Growth Partners and Intel Capital. The company had then been valued at $85 million.