Flipkart’s senior vice-president Prakash Sikaria will set up a new business venture within the group and this new business will focus on building a credit marketplace and is likely to look at bringing various consumer financing products to consumers – inside and outside Flipkart. As per a report from The Economic Times, a leading English daily, Prakash was slated to leave Flipkart to float a startup but now he is staying back with the company. Prakash has been heading Flipkart’s social commerce offering Shopsy and steering its growth charter. Prakash previously started the ride-sharing platform Sharedcab and weather data firm Cerule Systems – is among the senior-most executives at Flipkart. Just a few months back, he was given additional responsibility after Flipkart merged its customer and marketing departments with growth and monetisation – all of which were headed by the IIT-Kanpur alumnus.

Source: Mint May 17, 2023 17:11 UTC