The funds were raised between May 2019 to March 2020. facebook twitter linkedin. Soon after the elevation of Amar Nagaram as CEO of Myntra and Jabong, Flipkart Group has named Rishi Vasudev to head fashion and lifestyle category of the newly merged entity. “He has played a key role in building and nurturing the fashion category at Flipkart over the past five years, and more recently, has led the fashion business across both Flipkart and Myntra, driving synergies across the group,” the company said.
Whatsapp Facebook Twitter Linkedin . Rishi Vasudev will report to Flipkart CEO Kalyan Krishnamurthy after the formal announcement which is expected in next 10 days. BENGALURU: Rishi Vasudev, the former group head of fashion at Flipkart, is joining Lifestyle International as chief executive where he will head … After serving for more than four years as vice president at Flipkart, Vasudev was recently promoted as senior vice president at the e-commerce major. Ltd, part of Dubai-based hospitality conglomerate Landmark Group, announced that it has appointed Shital Mehta as the Managing Director of Lifestyle International Pvt. Proud Bharatiya, Proud Hindu! Vasudev would be with the company till March 2020. Flipkart’s Group Head (Fashion), Rishi Vasudev, has resigned from the firm on Thursday. Walmart-owned Flipkart Group holds a 77% market share or fashion online, as per industry reports, with a rapid growth in tier 2 and 3 cities, according to Rishi Vasudev, senior vice president and group head-fashion at Flipkart. Vasudev was one of the key members of the company’s core team. He shares our group’s people and customer focus and his rich online and technology expertise will also be integral to bringing innovative solutions to our omni-channel business goals,” said H Ramanathan, chairman of the board - India.Earlier this year, Vasudev was promoted to senior vice president at Flipkart and was given the...Growth opportunities in new startups, fund crunch prompting top executives to exit ...Walmart-owned Flipkart Group holds a 77% market share or fashion online, as per industry reports, with a rapid growth in tier 2 and 3 cities, according to Rishi Vasudev, senior vice president and group head-fashion at Flipkart.The Flipkart group, which includes Flipkart.com and two lifestyle portals Myntra and Jabong, will manage Nautica’s online and offline businesses in the country through a network of franchisees.Myntra and Jabong are collectively expected to generate $2 billion in gross merchandise value (GMV), growing at 65-70% for fiscal 2019, as per a report by Barclays released in December 2018.The development comes just a week after the e-commerce major named Amar Nagaram as head of Myntra-Jabong, following the resignation of Ananth Narayanan as its CEO.Companies aim to expand distribution, tap 18-24 age group of Flipkart, Amazon customers.Scheme, similar to that of Walmart-owned Jet.com, will help the fashion ecomm co save on reverse logistics cost that is shared with customers.Flipkart is betting big on luggage despite lagging behind in market share in comparison with Amazon.The total size of online footwear market in India is pegged at Rs 6,300 crore.Flipkart Fashion is currently experiencing 60-70% growth and they expect the next few months to witness 100% growth.Binny Bansal resigned after a probe into what parent Walmart said was "serious personal misconduct".Experts tracking the online fashion space say that Flipkart Fashion has been growing at a rapid pace with the company’s fashion sales surging to $800 million in 2017.Experts tracking the retail space believe that online commerce players like Flipkart and Amazon India are targeting fashion for the short-term growth.Do you think the world is ready for an autonomous economy?Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved.
Flipkart’s Group Head (Fashion), Rishi Vasudev, has resigned from the firm on Thursday. Rishi Vasudev – Flipkart’s top executive will the new CEO of. For reprint rights: Dubai-based Landmark Group’s Lifestyle hotels are witnessing leadership change.
22 January 2019 Current Affairs:Walmart backed E-Commerce giant Flipkart promoted its Fashion department head Rishi Vasudev to head Myntra – Jabong’s Fashion and lifestyle categories as an additional responsibility. Ltd. and Rishi Vasudev as the Executive Director of Lifestyle International Pvt. Image Source: Rishi Vasudev/LinkedIn Flipkart has promoted Rishi Vasudev, its fashion department head, to give him additional responsibility of the fashion and lifestyle categories of … He was responsible for the expansion of the fashion vertical, both at Flipkart and Myntra. Business Standard is happy to inform you of the launch of "Business Standard Premium Services"As a premium subscriber you get an across device unfettered access to a range of services which include:Welcome to the premium services of Business Standard brought to you courtesy FIS.Pay using Master/Visa Credit Card & ICICI VISA Debit CardAuto renewed (subject to your card issuer's permission) Single Seamless Sign-up to Business Standard Digital Pay using an instrument of your choice - Credit/Debit Cards, Net Banking, Payment Wallets acceptedExclusive Invite to select Business Standard events Last Updated at December 12, 2019 21:41 IST Going to suck your blood if your speak against my country.. Rest is fine, have a nice day! ... Share on Facebook Share on Twitter. Lifestyle International Pvt.
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