Snapdeal.com looks at inorganic expansion

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By indiantelevision.com Team Posted on : 30 Jul 2014 04:32 pm

MUMBAI: Snapdeal.com has appointed Abhishek Kumar as its corporate development head. Kumar comes with a vast experience in venture capital investments, strategic partnerships, business management and M&A in technology and media businesses.
 
Kumar said, “I feel fortunate to be a part of the young, energetic and dynamic team at Snapdeal. The platform is a remarkable example of a successful home-grown e commerce brand in India. I am extremely thrilled and excited to be a part of this company and contribute to its development going forward.”
 
At Snapdeal, he will be responsible for acquisitions, investments and deep partnerships that can lead to mergers for the e-commerce giant. He will look at all avenues of inorganic expansion as Snapdeal moves towards the next phase on the back of heady organic growth over the last three years.
 
“This is a very exciting phase for the e-commerce industry and we are seeing tremendous opportunities of discontinuous growth in the market. We recognise that no company can do everything well by itself, and hence we would look forward to working closely with the burgeoning ecosystem of entrepreneurs and venture capitalists in India to build deep partnerships. Abhishek with his rich and diverse experience in venture capital and business management brings the necessary skills to take Snapdeal into newer orbits of success through strategic partnerships.” said Snapdeal co-founder Kunal Bahl.
 
In his last assignment, Kumar was investments head at Palaash Ventures where he led the investment team in deploying early stage capital in consumer internet, SaaS, Ad-tech, hardware and e-commerce enablers. He was earlier with TV18 Broadcast, leading the new ventures function for the media group.

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