India’s online marketplace, Snapdeal.com, has appointed Abhishek Kumar as the Head, Corporate Development. Abhishek comes with a vast experience in Venture Capital investments, strategic partnerships, business management and M&A in technology and media businesses.
At Snapdeal.com, Abhishek will be responsible for acquisitions, investments and deep partnerships that can lead to mergers for the e-commerce giant. In this role 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.
In his last assignment he was Head, Investments 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 Ltd., leading the new ventures function for the media group.
Speaking about his appointment, Abhishek Kumar said: “I feel fortunate to be a part of the young, energetic and dynamic team at Snapdeal. Snapdeal 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.”
“This is a very exciting phase for the e-commerce industry and we are seeing tremendous opportunities of discontinuous growth in the market. We recognize 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 & diverse experience in venture capital and business management brings the necessary skills to take Snapdeal into newer orbits of success through strategic partnerships.” said Mr. Kunal Bahl, Co-founder and CEO, Snapdeal.com.