Adarsh Menon to take over Shopsy, Cleartrip, used phone business, Retail News, ET Retail

Mark A. Carlson


Flipkart Rejig: Adarsh Menon to take over Shopsy, Cleartrip, used phone business

Very long-time Flipkart executive Adarsh Menon will consider around Flipkart’s new organization verticals these kinds of as the social commerce undertaking Shopsy, travel system Cleartrip, and recommerce (applied or refurbished telephones) business, reveals an interior memo despatched by Flipkart group main govt officer (CEO) Kalyan Krishnamurthy and persons who were being briefed on the make any difference.

The alterations in Menon’s job arrive as Prakash Sikaria programs to depart Flipkart afterwards this 12 months to likely get started his have undertaking. Menon will also seem following the engagement and loyalty company, which was less than Sikaria as effectively.

In accordance to resources, Sikaria is predicted to depart Flipkart after the company’s flagship festive period sale celebration Major Billion Days concludes right after Diwali. Krishnamurthy sent an internal electronic mail to senior leaders of the organization on Thursday informing them about the improvement, a resource advised ET.

In an conversation with ET before this month, Sikaria, when asked about his likely exit, mentioned, “As significantly as I know I am listed here.”

Menon is among the the senior executives in Flipkart who joined the organization in 2015 from Hindustan Unilever Ltd (HUL). More than the decades, he has been included in numerous organizations, which include non-public labels for electronics, and furnishings, among the other people.

The modifications arrive after Flipkart appointed Myntra executive Ayyappan R as CEO in October in what was the initial considerable restructuring in the vacation company. Amongst Flipkart’s new small business verticals, vacation is a person of the speediest increasing, folks mindful of the make any difference reported.

An email despatched to Flipkart did not quickly elicit any reaction.

In an interview with ET on January 4, Krishnamurthy explained the on line retailer is focussing on scaling its more recent small business verticals these as Shopsy, grocery, vacation, and health care, which will generate buyer expansion in the coming year.

ET claimed on January 13 that Flipkart acquired Yaantra for $40 million to bolster its recommerce enterprise and enhance just after-sale choices for its buyers in the smartphones phase.


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