SB

Sri Batchu

Chief Marketing Officer at The RealReal

United States

Overview 

Sri Batchu is the Chief Marketing Officer at The RealReal with a background that includes roles at notable companies like Instacart and Opendoor. His career highlights include leading growth initiatives, serving as a board member, and making strategic investments in companies such as Flock Homes and Nuvocargo.

Work Experience 

  • Chief Marketing Officer

    2024 - Current

    TRR is the leading brand in US luxury resale with ~$2B of GMV and >$500M of revenue. A publicly listed company with >1M active buyers yearly, TRR provides the most frictionless experience for consignors and the highest confidence in the authenticity for buyers.

The RealReal is an online marketplace for authenticated and consigned luxury goods.

Raised $356,874,359.00 from Patricof Co, Great Hill Partners, Greenspring Associates, Greycroft, GreyLion Capital, 3L Capital and Headline.

  • Partner

    2023

    Led investments in Clay and Zamp

  • Investor and Advisor at Various Start-Ups

    2018

    Earliest investor in a variety of companies like Loft, Airgarage, Cartesia, Kindred, Unify and 40+ others

  • Interim CMO & Advisor

    2023 - 2024

    Openstore is largest shopify merchant aggregator with >40+ consumer brands owned. Owned media spend, CRM, and creative strategy.

OpenStore connects merchants and customers into a single unified shopping experience through access to data, information, and capital.

Raised $137,000,000.00 from Lux Capital, Vine Ventures, Founders Fund, Khosla Ventures, General Catalyst and Atomic.

  • Head of Growth

    2021 - 2023

    Lead paid marketing, Field marketing, life cycle/CRM, automated outbounding, SEO, CSM and growth product including self-close. Managed channels drive the majority of company pipeline. Team size of ~30 (~40 including engineers). Ramp run-rate revenue grew ~4x during my time. Continue to service as a growth advisor to the company.

Ramp is a finance automation platform that helps businesses spend less time and money.

Raised $1,817,000,000.00 from Lux Capital, 8VC, Sequoia Capital, Thrive Capital, General Catalyst, D1 Capital Partners, Founders Fund, Contrary, Greylock and Definition.

  • Scout

    2021 - 2023

Sequoia Capital is a VC firm that invests in startups in the energy, financial, enterprise, healthcare, internet, and mobile industries.

  • Member Board of Directors

    2021 - 2022

    Member of board and audit committee of Prop-tech SPAC. Original ticker NYSE: BOAS. Resigned as part of the acquisition/merger. Current company/symbol post reverse merger: SLNA.

  • Head of Growth (Strategy & Operations)

    2021 - 2022

    Lead strategy and business operations for the primary Revenue driving functions of Instacart including ICApp/Website, Growth and Marketing, BD/partnerships, International expansion and Advertising. Final team size: ~45.

  • Head of Advertising (Strategy & Operations)

    2020 - 2021

    Lead the business functions of Instacart's emerging advertising revenue line. Jointly accountable the Advertising P&L results with Sales and Product leadership. Supported during a >3x growth of the business off a >$100M base.

Instacartshopper is an online grocery platform.

  • Vice President Operations (Head of Pricing Operations)

    2018 - 2020

    Led one of the three operating verticals of our core business: Pricing Operations. ~150 person nationwide team of local pricing experts that support development of our model/algorithms and engage on our toughest pricing decisions to deliver an accurate and consistent customer experience. Role also involves leading the requisite product operations and strategy/analytics/biz ops team as well as working closely with the Product team to deliver tools and insights for pricing operators. Promoted to VP in July ‘19.

  • Head of Business Operations (Strategy & Analytics)

    2017 - 2018

    Internal centralized Strategy and Analytics team supporting our executives, functional leaders and City General Mangers on cross-functional business problems

  • Head of Sales

    2016 - 2017

    Designed, hired and managed Opendoor's Agent Sales team. Agent channel drives >80% of Opendoor revenue. Also managed sales analytics, agent PR, and transaction closing with a total organization size of ~40 people.

  • Director of Finance and Business Operations

    2015 - 2016

    Managed a team focused on the cross-functional, business critical metric of inventory holding period for Opendoor with a reduction of ~50 days during this time. Key initiatives included redesign of listing and transaction closing processes, changes to renovation strategy, and improved fee and resale pricing frameworks. Led corporate finance for ~3months supporting series C close, 409A and annual planning in 2015

Opendoor is a real estate technology company that simplifies the process of buying and selling homes.

Raised $1,887,930,000.00 from BlackRock and Healthcare of Ontario Pension Plan (HOOPP).

  • Investor - Public Equities

    2014 - 2015

    Focused on US Listed Large Cap Tech/Media Companies. Investments were ~$300M (30% of total book). Long names included AMZN, GOOG, FB and LNKD

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