wordpress blog stats
Connect with us

Hi, what are you looking for?

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…

Please subscribe/login to read the full story.
Written By

Free Reads

News

According to Russian investigators, Stone had published online comments that defended hostile and violent actions against Russian military personnel.

News

bank-owned P-PA services do not require any authorization, but will also have to ensure compliance with other requirements for P-PAs.

News

However, it is possible to opt-out of the clause by emailing an opt-out notice to arbitration-opt-out@discord.com within 30 days of April 15, 2024, or...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ