Snapdeal’s Jason Kothari quits to join Infibeam as president
AHMEDABAD/NEW DELHI: Jason Kothari, chief investment and strategy officer at Jasper Infotech that owns and operates troubled online marketplace Snapdeal.com, has quit the company to join Ahmedabad-headquartered Infibeam.
Kothari, who joined Snapdeal from real estate portal Housing in January last year, will move to Infibeam as its president, leading the strategy, corporate development, international operations and investor relations functions at India’s first listed ecommerce entity.
“Jason joins us with a history of high-impact business and strategic leadership where he has changed their outcomes and created significant value for all stakeholders. At Infibeam, we will leverage his valuable experience to help realise our global plan and drive the next era in the company’s evolution,”
Infibeam managing director Vishal Mehta said in a statement. Kothari, a classmate of Snapdeal founder Kunal Bahl at Wharton School, also confirmed the move.
Shares of Infibeam closed at Rs 151.90, down 1.3%, Thursday on the NSE. The development follows a tumultuous 18 months for Snapdeal, which was forced to fight a bruising battle with rival ecommerce player Flipkart and its own investor, Japan’s SoftBank, to ward off a takeover by India’s largest ecommerce company.
Kothari, who joined Snapdeal from real estate portal Housing in January last year, will move to Infibeam as its president, leading the strategy, corporate development, international operations and investor relations functions at India’s first listed ecommerce entity.
“Jason joins us with a history of high-impact business and strategic leadership where he has changed their outcomes and created significant value for all stakeholders. At Infibeam, we will leverage his valuable experience to help realise our global plan and drive the next era in the company’s evolution,”
Infibeam managing director Vishal Mehta said in a statement. Kothari, a classmate of Snapdeal founder Kunal Bahl at Wharton School, also confirmed the move.
Shares of Infibeam closed at Rs 151.90, down 1.3%, Thursday on the NSE. The development follows a tumultuous 18 months for Snapdeal, which was forced to fight a bruising battle with rival ecommerce player Flipkart and its own investor, Japan’s SoftBank, to ward off a takeover by India’s largest ecommerce company.