Indian e-retailer Flipkart has appointed five new senior executives who will take care of fashion, corporate strategy, engineering, risk management, shared technology and services group.
The new appointees Dev Iyer, Srinivasulu Grandhi, Phanimohan Kalagara, Naren Ravula, and Vineet Sethi will be given roles of ‘Vice President’ for different categories, in the company. After latest appointments, Flipkart now has a total 28 VPs.
India’s largest online retailer has been on a hiring mode especially after Walmart acquired around 77 per cent stake in the company for US $ 16 billion.
However, the Walmart-Flipkart deal, has enraged the Confederation of All India Traders (CAIT), the leading advocate for small traders and retail businesses in India, which has threatened to approach the Supreme Court if the government gives its nod to the deal.
The CAIT has been raising its voice against the deal in order to save traditional retailers in India.
Contrary to CAIT’s claim, Walmart CEO Doug McMillon had claimed that their investment would benefit India by providing high-quality, affordable goods for customers, while creating new skilled jobs and fresh opportunities for small suppliers, farmers and women entrepreneurs.
The e-retailer has also initiated process to launch Flipkart Plus, a loyalty progamme to compete with its rival Amazon’s Prime Service.