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Flipkart hires Micromax CTO

Update On :11 June 2016

Flipkart hires Micromax CTO

E-commerce major Flipkart has hired Micromax CTO and former Amazon exec Ashish Agrawal as senior vice-president (SVP) of engineering as the company revamps its tech leadership team yet again, reports Mint.

Agrawal is joining Flipkart this month and will be serving as the engineering head of its consumer shopping experience. He will report to Flipkart CEO Binny Bansal. Before this, Agrawal was leading Micromax's tech initiatives and formulating its software services.

Agarwal was also the technology & development head for Amazon's payment service Amazon Payments for about five years and was involved in the development for Amazon Payments solutions focused on monetization of Digital Goods and Media.

He also led the development of Amazon's m-commerce apps for about two and half years and led the development & launch of its E-Commerce web services.

Among other changes to Flipkart's tech leadership team, engineering head Peeyush Ranjan has moved to the role of group chief technology officer while engineering SVP Hari Vasudev will be heading the tech function for its critical marketplace and Ekart businesses.

Vasudev will report to CEO Binny Bansal and eKart head Saikiran Krishnamurthy. Flipkart has confirmed these changes to the publication.

These changes comes after India's largest e-tailer witnessed significant churn at its top management. Around seven top executives have quit the Bengaluru-based company over the last year, of which three were in the last four months.

This includes chief product officer Punit Soni in April, commerce platform head Mukesh Bansal and chief business officer Ankit Nagori in February, CTO Amod Malviya in July last year and Chief People Officer Mekin Maheshwari in September last year.

In January, Flipkart had overhauled its top management to elevate co-founder Binny Bansal as the CEO, while the other co-founder Sachin Bansal transitioned to the role of executive chairman.

Earlier this week, rival Amazon committed to invest additional $3 billion to its Indian operations, taking its total commitment to $5 billion. This is more than the combined capital raised by Flipkart and Snapdeal. While Flipkart has raised over $3.2 billion, Snapdeal has raised around $1.5 billion until now.

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