Mukesh gets added role in Flipkart rejig
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Flipkart announced a slew of
top management changes on Monday at a time when the country's largest
e-commerce player is fighting it out fiercely with Amazon and Snapdeal
for a bigger share of the consumer's wallet. Myntra's co-founder Mukesh
Bansal and Ankit Nagori, who currently heads Flipkart's marketplace
vertical, will both be given additional responsibilities, according to
an internal communication sent to Flipkart employees which was reviewed
by TOI. Flipkart had acquired the fashion & lifestyle e-tailer
Myntra in May this year after which Mukesh had been designated as head
of fashion at Flipkart and was given a board seat at the Bangalore-based
company. Post the reshuffle, Bansal will now head marketing and take
charge of categories like computers and consumer electronics, while
Nagori will add general merchandize and books to his existing portfolio.
A Flipkart spokesperson said, “Flipkart is a new age and agile company , and organizational changes are regular for us. Realigning roles and responsibilities help us keep pace with our aggressive growth and the dynamic environment we operate in.“
In the memorandum, Sa chin and Binny Bansal said that Tiger Global's Kalyan Krishnamurthy , who was the interim chief financial officer at Flipkart, will be moving back to the investor's Singapore office. Tiger Global has pumped in funds in the excess of $600 million in Flipkart, making the Wall Street investor by far its largest stakeholder. Krishnamurthy is the director of finance for Tiger's portfolio companies. Flipkart founders said in the internal email, “Kalyan joined us from Tiger Global in 2013, where he managed operations and finance of their global portfolio of companies. We were facing multiple challenges in the business and finance at that time and Kalyan was instrumental in fundamentally changing the business trajectory for us with his passion and drive.“
Additionally , Michael Adnani, VP of retail and head of strategic alliances, and Amitesh Jha, who heads electronics & computers, will both report to Mukesh, the memo said.
A Flipkart spokesperson said, “Flipkart is a new age and agile company , and organizational changes are regular for us. Realigning roles and responsibilities help us keep pace with our aggressive growth and the dynamic environment we operate in.“
In the memorandum, Sa chin and Binny Bansal said that Tiger Global's Kalyan Krishnamurthy , who was the interim chief financial officer at Flipkart, will be moving back to the investor's Singapore office. Tiger Global has pumped in funds in the excess of $600 million in Flipkart, making the Wall Street investor by far its largest stakeholder. Krishnamurthy is the director of finance for Tiger's portfolio companies. Flipkart founders said in the internal email, “Kalyan joined us from Tiger Global in 2013, where he managed operations and finance of their global portfolio of companies. We were facing multiple challenges in the business and finance at that time and Kalyan was instrumental in fundamentally changing the business trajectory for us with his passion and drive.“
Additionally , Michael Adnani, VP of retail and head of strategic alliances, and Amitesh Jha, who heads electronics & computers, will both report to Mukesh, the memo said.
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