Snapdeal, one of India’s largest online marketplace, has appointed Mayank Jain as Head of Growth.
According to a report in ANI: A seasoned professional with over 10 years of experience, Mayank joined Snapdeal after a successful stint with Zoomcar where he led the products, analytics, and digital marketing functions. He has also worked at Mu Sigma Business solutions, Advanta Corp and Capital One prior to that.
At Snapdeal, Mayank would be leading user growth strategy and would focus on harnessing the value of analytics to build a high performing growth strategy.
Welcoming Mayank, Co-Founder, Snapdeal, Rohit Bansal, said: “We are thrilled to welcome Mayank. He brings on-board a rich understanding of using analytics for growth. As we are working towards our vision of 20 million daily transacting users, I am sure he will add tremendous value and further fuel our growth.”
Speaking on his appointment, Mayank Jain said: “I am excited to join the Snapdeal team on this exciting journey of building the most reliable and frictionless commerce ecosystem of the country. Analytics will play a key role in shaping this ecosystem and I look forward to make a significant contribution towards this goal.”
Mayank holds a Bachelor’s degree in Computer Science and Engineering from IIT Delhi.
Brand History
Snapdeal was started by Kunal Bahl, a Wharton graduate as part of the dual degree M&T Engineering and Business program at Penn, and Rohit Bansal, an alumnus of IIT Delhi in February 2010. Snapdeal currently has 275,000 sellers, 30 million-plus products and a reach of 6,000 towns and cities across the country.
Investors
Investors in the company include SoftBank Corp, Ru-Net Holdings, Tybourne Capital, PremjiInvest, Alibaba, Temasek Holdings, Bessemer Venture Partners, IndoUS Ventures, Kalaari Capital, Saama Capital, Foxconn Technology Group, Blackrock, eBay, Nexus Ventures, Intel Capital, Ontario Teachers’ Pension Plan, Singapore-based investment entity Brother Fortune Apparel and Ratan Tata. When Snapdeal acquired FreeCharge in an equity deal, investors Sequoia Capital India, Valiant Capital, Sofina, Ru-Net Holdings, and Tybourne Capital also became shareholders in Snapdeal.
Acquisitions
Since its inception, Snapdeal has forayed into different verticals by acquiring companies like Grabbon.com, esportsbuy.com, Shopo.in, Doozton.com, Wishpicker.com, Smartprix.com, Exclusively.in, Unicommerce.com, RupeePower, FreeCharge.com and Reduce Data.
At Snapdeal, Mayank would be leading user growth strategy and would focus on harnessing the value of analytics to build a high performing growth strategy
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