Ecommerce companies like Snapdeal, Flipkart and Zomato have recently hired senior-level talent from varied sectors ranging from FMCG to media
Ecommerce companies like Snapdeal, Flipkart and Zomato have recently hired senior-level talent from varied sectors ranging from FMCG to media for different managerial positions and the trend is growing.
Even executives from large multinationals like Google, Unilever and GSK are making a beeline for the new sunrise sector in the country – Indian e-commerce industry is a Rs 80,000-crore-plus behemoth.
And since the segment is being driven by the high pace of growth, it is attracting top talent in hordes from across sectors and geographies.
Check this out: in April, Flipkart hired ex-Google top shot Peeyush Ranjan as its senior vice-president and head of engineering, while earlier this month, it hired Motorola executive Punit Soni as a chief product officer. On Wednesday, Snapdeal appointed Gaurav Gupta, who has been in Silicon Valley for a decade, to strengthen its technology team. He is vice-president of the engineering team at Snapdeal. Simplilearn brought in Ram Gupta, who has 25 years of experience working in the Silicon Valley, on its board a few days ago. Also read: Snapdeal to hire 1,000
According to Krishna Kumar, founder, Simplilearn, the top executives who are being brought in to the country are offered anywhere between Rs 1 crore and Rs 5 crore, which, he says is already a norm in the US. “People who went to the US 10-15 years ago to work in Silicon Valley companies now want to come back for various reasons, both personal and professional,” said Kumar. He said money or perk are not the reason senior people are willing to work in this fledgling industry.