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Snapdeal marketing head quits, to commence own venture

  • Srinivas Murthy, senior vice president of marketing at e-commerce
    major Snapdeal, has quit to start his own venture, the
    Press Trust of India reported.
  •  
  • “The entrepreneurial drive has rubbed off onto me. I’m now
    moving on to become an entrepreneur myself,” Murthy told the news agency. He,

    • Srinivas Murthy, senior vice president of marketing at e-commerce
      major Snapdeal, has quit to start his own venture, the
      Press Trust of India reported.
    •  
    • “The entrepreneurial drive has rubbed off onto me. I’m now
      moving on to become an entrepreneur myself,” Murthy told the news agency. He,
      however, did not disclose details of his new venture.
    •  
    • Murthy added that he will announce his venture in the next few
      months.
    •  
    • “Srini has decided to begin an exciting new journey as an
      entrepreneur, and while he will surely be missed. I am delighted to see that he
      is carrying forward the Snapdeal spirit of entrepreneurship,” Snapdeal
      co-founder and CEO Kunal Bahl said.
    •  
    • This is the second major exit at Snapdeal after its head of strategy
      Ranjan Kant quit to join online apparel retailer Jabong as its chief
      marketplace officer.
    •  
    • The e-commerce space in the country has been witnessing a
      significant churn at the executive level, with players often bringing
      professionals on board with varied experience levels, the report said.
    •  
    • Snapdeal itself has roped in senior leaders from across the globe.
    •  
    • Anand Chandrasekaran, ex-CPO Bharti Airtel, Gaurav Gupta, formerly
      the India head of Bay area start-up Scalearc, and Bhuvan Gupta, ex-CTO of BSB
      Portal (JV between BSB and Yahoo Japan), have joined Snapdeal as core members
      of its technology team in the past one year,
      PTI said in the report.
    •  
    • Many top executives of e-commerce firms have off late started their
      own ventures to cash in on the booming industry in the country.
    •  
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