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Amazon & Snapdeal looking at acquisitions & investments with new appointments

(By Vivek & Riddhi Mukherjee) Both eBay-backed Snapdeal and Amazon India seems to have appointed people to look for potential acquisitions to strengthen its presence in the country. Snapdeal has appointed Abhishek Kumar as its head of corporate development, reports Exchange4media. Kumar will be responsible for acquisitions, investments and partnerships that can lead to mergers for the e-commerce company. Prior to this, Kumar was head of investments at Palaash Ventures where he deployed early stage capital in SaaS, Ad-tech, hardware and e-commerce startups. Before that, he's also worked at TV18 broadcast leading their new ventures division. Kumar has a total 15 years of experience in this segment. Amazon India appoints Bessemer's Abhijeet Muzumdar to look after M&A Last week, Amazon India had also appointed Abhijeet Muzumdar as the head of corporate development and private equity investments, reports TechCircle. He will be looking for acquisitions in Southeast Asia and India. Muzumdar told the publication that he will primarily be looking at strategy & planning and private equity-style investments in the region. Prior to this appointment, Muzumdar was serving as the Vice President at Bessemer Venture Partners. Interestingly, Muzumdar's LinkedIn profile suggests that he led Bessemer's investment in Amazon's competitor Snapdeal and was a member on Snapdeal's board until May this year. Other investment include Bharat Matrimony, Anuntha Tech and Home First Finance Company (HFFC). Before Bessemer, Mazumdar worked at Edelweiss Capital Ltd as a senior manager and was an associate at UBS Investment Bank. Acquisitions as growth agents It's worth noting that these appointments comes at a time when there is a lot going on in the…

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