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Senior Flipkart government Prakash Sikaria, who headed the company’s new social commerce enterprise Shopsy is on his way out, resources reported. Sikaria’s exit assumes importance as it will come at a time when Flipkart has doubled down on this new initiative to expand its person base by shelling out tens of millions of pounds.
Sikaria is at the moment the senior vice president for expansion and monetization at Flipkart. Sikaria heads Flipkart’s growth charter and also led acquisitions these as Cleartrip for the group. He also built groups to start off movie commerce and also labored on the launch of Flipkart’s reward process Super Coin. He has worked with Flipkart for nearly 8 decades.
Flipkart launched Shopsy in July last year as a reseller system for types these types of as fashion, beauty, normal merchandise and property things. The organization also later on released the grocery classification on a community buying model.
In April, Sikaria had advised a information outlet that Shopsy was on keep track of to achieve 100 million customers by the end of the 12 months, and would lead a “significant share of Flipkart’s unit growth.”
He had additional that Shopsy had scaled up 4x in the Jan-March quarter.
The social commerce room has seen a large amount of activity above the previous yr.
Final month, Amazon obtained social commerce platform Glowroad. Meanwhile, Meesho, which emerged among the the most significant players in the reseller social commerce area, pivoted from the small business model to grow to be a market.
Google’s Youtube also took a bet on the place with the acquisition of Simsim, even though Inmobi’s Look acquired Store101 last yr.
Flipkart did not comment when ET sought to confirm Sikaria’s exit.
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