Flipkart’s Shopsy head Prakash Sikaria set to quit, Retail News, ET Retail

Senior Flipkart govt Prakash Sikaria, who headed the company’s new social commerce enterprise Shopsy is on his way out, resources reported. Sikaria’s exit assumes importance as it will come at a time when Flipkart has doubled down on this new initiative to increase its person foundation by paying out tens of millions of dollars.

Sikaria is presently the senior vice president for development and monetization at Flipkart. Sikaria heads Flipkart’s progress charter and also led acquisitions these as Cleartrip for the group. He also crafted groups to start video clip commerce and also labored on the start of Flipkart’s reward technique Super Coin. He has worked with Flipkart for nearly 8 decades.

Flipkart released Shopsy in July previous yr as a reseller system for classes these as vogue, magnificence, common products and dwelling products. The enterprise also afterwards introduced the grocery group on a community purchasing product.

In April, Sikaria experienced explained to a information outlet that Shopsy was on track to arrive at 100 million consumers by the end of the calendar year, and would lead a “significant share of Flipkart’s unit development.”

He experienced additional that Shopsy had scaled up 4x in the Jan-March quarter.

The social commerce room has observed a whole lot of action around the previous yr.

Past month, Amazon acquired social commerce system Glowroad. In the meantime, Meesho, which emerged among the largest players in the reseller social commerce house, pivoted from the small business product to develop into a market.

Google’s Youtube also took a guess on the area with the acquisition of Simsim, whilst Inmobi’s Glance acquired Store101 past 12 months.

Flipkart did not remark when ET sought to confirm Sikaria’s exit.