Delhi NCR-based web service supplier Excitel Broadband has introduced the departure of its co-founder Vivek Raina, marking the tip of an affiliation that started with the corporate’s founding in 2015.

In a publish on LinkedIn, Raina mentioned, “I’ve determined to depart Excitel Broadband, the corporate I co-founded and have led for the previous 11 years. It has been an unbelievable journey constructing Excitel, from the bottom up. Over the previous decade, now we have expanded our fibre community to serve almost a million customers, collaborated with 1000’s of native and regional companions, and constructed a powerful presence throughout 50+ cities.”

He added, “I imagine that is the precise time for a management transition, and I’m assured that the founders’ imaginative and prescient and the operational experience of the youthful administration will take Excitel Broadband to even larger heights. I’ll proceed to assist Excitel as a shareholder.”

Raina mentioned he plans to take a brief break earlier than constructing new companies and enterprise traces from scratch.

“As for me, after a brief break, I’ll carry on doing what I feel I do know finest i.e constructing new companies/companies traces from scratch whereas fostering kids who’re concerned in constructing new companies by means of initiatives like Launchpad Kashmir,” he wrote.

Raina co-founded Excitel in 2015 together with fellow entrepreneurs together with Nikolai Gorchilov, Victor Francess and Plamen Petkov.

The corporate transitioned absolutely to fibre by 2017–18 and has since centered on delivering high-speed broadband connectivity to households. In accordance with Raina, the corporate has served almost 1 Mn customers throughout greater than 50 cities.

Excitel has raised roughly $16 million in funding (figures differ barely by tracker) from buyers together with NEVEQ, Impetus Capital and BlackPeak Capital.

Financially, the corporate reported a 24% improve in income to Rs 486.84 crore  in FY24. Its losses narrowed to Rs 120 crore from Rs 155.12 crore in FY23.

The management change comes shortly after Excitel elevated its chief working officer, Varun Pasricha, to the function of chief government officer, efficient March 2026.

Pasricha has served as COO for over seven years and joined the corporate in 2018. He has round 20 years {of professional} expertise and has beforehand labored with corporations together with Zomato, G4S and Max Healthcare.

Raina continues to function co-founder and mentor at Launchpad Kashmir, an incubator launched in 2024 to assist early-stage startups in Jammu & Kashmir.

The initiative was based by Raina together with Vivriti Capital director Namrata Kaul, Western Digital senior director Khalid Wani and FlapKaCCO’s Kunal Harisinghani, amongst others.

On the time of launch, Launchpad Kashmir earmarked an undisclosed corpus to incubate 24 early-stage startups from the Union Territory by March 2025. Earlier than co-founding Excitel, Raina held management roles throughout Digicable Community India Pvt Ltd, Hathway and Reliance Communications.

He started his profession as Officer – Enterprise Growth at Hathway in 2001 and went on to serve in regional and managerial roles over a 25-year profession spanning broadband, telecommunications, channel administration and enterprise technique.