Flipkart’s old-timer Amitesh Jha to head Ekart

Homegrown e-commerce firm Flipkart has entrusted long-timer Amitesh Jha with leading its logistics arm eKart just ahead of the festive sale season, media reports said.

Jha, who joined the e-tailer in November 2010 as assistant vice president – computers, has worked in various roles since. His most recent position was vice president – mobile, electronics, and computers, shows his LinkedIn profile.

Recently, Ekart’s CFO Harish Abhichandani also quit to join the app-based cab-hailing firm Ola as its CFO.

Jha, who has been with Flipkart since 2010, had previously worked with the Ekart team, while most recently he was heading categories like electronics, computers, large appliances and furniture. His was earlier designated as VP (retail) at the e-tailer.
“Flipkart looked at external candidates to fill the position but Jha, being an old timer in the company , was chosen to head Ekart last month. In his appointment, timing is very crucial since the sale season is around the corner and logistics is a very important factor to beat rivals like Amazon,” a person aware of the development said., adding that his earlier stint in Ekart would come in handy as Flipkart prepares for the demand rush next month.

Earlier this month, in the biggest-ever private investment in an Indian technology company, Japan’s SoftBank Group Corp pumped $2.4 billion (Rs 15,300 crore) into Flipkart via its $93-billion Vision Fund. The round valued Flipkart at $11.6 billion, down about a fourth from its $15.2-billion peak valuation in 2015. Flipkart’s other major investors include Tiger Global, Naspers Group, Accel Partners and DST Global.

The investment came after a proposed merger between rival Snapdeal and Flipkart fell through after six months of discussions.

Besides its logistics arm eKart, the Flipkart Group includes online fashion brands Myntra and Jabong, digital payments entity PhonePe and e-commerce marketplace eBay.

Load More Related Articles
Load More In News