Former SeventyMM CEO Mudit Khosla has been appointed as the Chief Executive Officer of Tradus.com, the online marketplace operated by the Naspers and Tencent owned Ibibo Group (MIH India).
Khosla had stepped down as the SeventyMM CEO last month, after a three year stint with the company. During this period, SeventyMM had diversified from the online movie rental business into mainstream e-commerce, offering product categories like Apparel, Electronics, Mobile Phones and Tablets, and even Books, among others.
Prior to this, Khosla was one of the founding members of the online travel agent Yatra.com and was the company’s Head of Strategic Alliances, responsible for managing Yatra’s partnerships in Banking, Telecom and Retail segment. He was also the business head for E-commerce at Times Internet*, a company with which he spent over 5 years.
Tradus competes with other e-commerce marketplaces like eBay India, Snapdeal and Indiatimes Shopping. Earlier this month, e-commerce major Flipkart had also officially revealed that it was launching a marketplace, and was looking to sign up external sellers for the launch of its marketplace. Following this, Flipkart had sold its front end retail operations WS Retail to a group of investors led by former OnMobile COO Rajiv Kuchhal earlier this week. Interestingly, both Tradus and Flipkart has a common investor in Naspers, which had invested and undisclosed amount in Flipkart last August.
*Disclosure: Times Internet is an advertiser with Medianama