wordpress blog stats
Connect with us

Hi, what are you looking for?

Manish Maheshwari quits Flipkart to join Web18 as CEO

manish maheshwari

A year after Flipkart hired txtweb co-founder Manish Maheshwari as VP and Head of its Seller ecosystem, Maheshwari has quit the company, reports Business Standard. At Flipkart, Maheswari looked after seller acquisition, enablement and growth and strengthening the seller ecosystem team.

Maheshwari has joined Network18 as the CEO of Web18, where he will lead digital and ecommerce assets, audience growth, content monetisation, business development, inorganic growth, mergers & acquisitions and product management, according to his LinkedIn profile. Maheshwari is an alumnus of Intuit, McKinsey & Company and Procter & Gamble other than being a mentor and investor with Ivy League Alumni Angel Network.

Web18 overlooks sites like Moneycontrol, IBNLive, In.com, News18 and Firstpost, BookMyShow, HomeShop18 and Burrp.

Flipkart’s recent reshuffle and exits: A month after a top deck reshuffle at Flipkart, Mukesh Bansal, the head of commerce division and Myntra chairman quit the company last month. Chief business officer Ankit Nagori too put his papers down. Bansal would be an advisor to the company, while Nagori had plans to go the entrepreneur way. In January, Flipkart named named Binny Bansal as the new chief executive officer while Sachin Bansal took on the role of executive chairman. At the time Mukesh Bansal was also given the added responsibility of Flipkart’s ads business.

75 million users: Earlier this month, Flipkart claimed to have crossed 75 million registered customers since its launch. The company also said that its Android app recently hit the 50 million installs landmark. Over 50% of its traffic comes from non-metro cities, with Tier II and Tier III towns showing a greater rate of adoption than larger cities.

Advertisement. Scroll to continue reading.

Network18’s CEO moves to advisory role: In September 2015, AP Parigi, Network18 Group CEO moved to an advisory role in the group. Parigi moved to the advisory role from October 2015. He was appointed Group CEO of Network18 in January 2015 – so this was a rather quick move for him. Network18 claims to see 225 million TV viewers and 25 million unique digital visitors monthly.

Network18 financials: In January, we reported that Network18’s web business had revenues of Rs 14.46 crore, a decline of 4.49% from Rs 15.13 crore in the same quarter last year, but increase of 9.96% from Rs 13.15 crore in the preceding quarter. The segment reported a loss of Rs 4.20 crore compared to the loss of Rs 11.68 lakhs in the same period last year. In the preceding quarter, the segment reported a loss Rs 3.36 crore.

Also read:
Network18’s web portals get 21million unique visitors in Q2; loss at Rs 27.43 cr
Flipkart’s top shopper in 2015 is single, male and works in an office

Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

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



Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.


This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.


It is widely argued that the PDP Bill report seeks to discard the intermediary status of social media platforms but that may not be...


Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.

You May Also Like


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...


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...


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...


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...

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
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