Flipkart-owned online fashion portal Myntra has announced the appointment of Gunjan Soni as the head of its acquired unit Jabong, reported ET.

Gunjan is a management graduate from XLRI Jamshedpur who is credited with building ‘End of Reason Sale’, one of Myntra’s key revenue driving events. Prior to joining Myntra, she has worked with McKinsey and Company and Star India.

Ananth Narayanan will continue to be the CEO of both Myntra and Jabong while Gunjan Soni will be reporting to him in her new role.

Also, Myntra’s co-founder Ashutosh Lawania, head of supply chain at Jabong, has quit to start his own venture. His role will now be handled by Myntra’s chief people officer and head of new initiatives Manpreet Ratia.

With Lawania’s exit, the entire founding team of Myntra has now left the startup. The other two co-founders, Mukesh Bansal and Vineet Saxena, had left the company to start new ventures.

The Bangalore-based company has also named Naresh Krishnaswamy, who has been with the company since 2012, as part of the senior management team. He will be heading “entire sales organisation and key initiatives to drive growth.”

In July 2016, Myntra had acquired its main competitor Jabong from Global Fashion Group for $70 Mn in an all-cash deal.

Myntra, Jabong, and its parent Flipkart have witnessed multiple exits lately. The list includes Rajul Jain, Myntra’s supply chain head and senior VP; Sharad Agarwal, VP and distinguished engineer at Flipkart; and Raghuram Talluri, VP and head of customer experience at Myntra. All of them left the company in December.

Image credit.

You can also like this
Mar 1, 2017
Flipkart is experiencing its fifth marked down of the valuation invested by Morgan Stanley in a row. The valuation stand ...
Feb 23, 2017
Flipkart-owned online fashion portal Myntra has now confirmed that it will be entering offline retail space after having ...
Feb 12, 2017
Most of the companies are unsatisfied and complaining about GST's framework.Another such examples is the united protes ...

Leave your comment here:

Your email address will not be published. Required fields are marked *

Do not spam our blog. Your comment will be checked by administration.