Snapdeal.com has appointed Abhishek Kumar as Head, Corporate Development. He will be responsible for acquisitions, investments and deep partnerships that can lead to mergers for the e-commerce company. 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.
Kumar comes with a vast experience in venture capital investments, strategic partnerships, business management and M&A in technology and media businesses.
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.
Commenting on Kumar’s appointment, Kunal Bahl, Co-founder and CEO, Snapdeal.com said, “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.”
On his new role, 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.”