Ecommerce platform Snapdeal, has appointed Housing’s CEO Jason Kothari as its chief strategy and investment officer, reported ET.
Kothari will work alongside co-founders Kunal Bahl and Rohit Bansal in this key leadership role and will be joining Snapdeal on January 16, 2017. His responsibilities will include leading strategy, corporate development, including all investments and strategic partnerships, raising new capital for the company, and portfolio management, overseeing companies Snapdeal wholly owns or has invested in.
Speaking on his new appointment at Snapdeal, Jason Kothari said, “I’m excited to join Kunal and Rohit at Snapdeal during a defining period in Indian e-commerce that will shape the future of the Indian internet space. Snapdeal is on its way to building one of India’s best companies, and I look forward to helping in making that potential a reality.”
This move comes right after Housing was merged with PropTiger in an all stock deal. It was then said that Kothari, who was appointed as CEO of Housing post ousting of founder Rahul Yadav – will no longer be associated with the company but will continue to be an advisor for next two months.
Post ousting of Rahul Yadav from Housing, Kothari led the turnaround of the company from a position of distress to a market leader in one and a half years using organic and inorganic growth. “Jason is a strong business leader & entrepreneur who has already been the CEO of two successful companies. Rohit and I warmly welcome Jason to the Snapdeal family and believe we will achieve even greater heights with his addition,” said Snapdeal’s Kunal Bahl.
Prior to joining Housing, Kothari was CEO and vice-chairman of character-based entertainment company Valiant Entertainment.
As of now, Snapdeal has partnered with several global marquee investors and individuals such as SoftBank, BlackRock, Temasek, Foxconn, Alibaba, eBay Inc., Ratan Tata, among others.