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SoftBank’s Lydia Jett now joins Flipkart board

SoftBank Group Corp's Lydia Jett who joined the board of Jasper Infotech earlier this year has now reportedly joined the board of Indian e-commerce firm Flipkart

SoftBank Group Corp’s Lydia Jett who joined the board of Jasper Infotech earlier this year has now reportedly joined the board of Indian e-commerce firm Flipkart. However, the e-retailer is yet to confirm this development.

Jett has been responsible for consumer Internet and e-commerce investments at SoftBank Vision Fund since 2016, informs her LinkedIn profile. Jett recently resigned as a director at Snapdeal in October this year.

The Vision Fund, a $93 billion fund that the Japanese telecom and Internet conglomerate, had invested about $2.4 billion (Rs 15,300 crore) in Flipkart in August.

An MBA from Stanford University Jett was associated with investment banks Goldman Sachs and JP Morgan previously.

Flipkart — the country’s largest online retailer is changing its strategies to woo more customers in smaller cities and towns with its own brand of consumer products.

Flipkart has noted an increase of around 85 per cent in terms of Gross Merchandise Volume (GMV) during the July to September quarter of 2017.

 

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