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

Senior Flipkart government Prakash Sikaria, who headed the company’s new social commerce enterprise Shopsy is on his way out, resources claimed. Sikaria’s exit assumes significance as it will come at a time when Flipkart has doubled down on this new initiative to extend its person foundation by expending millions of bucks.

Sikaria is at the moment the senior vice president for expansion and monetization at Flipkart. Sikaria heads Flipkart’s development constitution and also led acquisitions these types of as Cleartrip for the team. He also built groups to get started movie commerce and also worked on the launch of Flipkart’s reward method Super Coin. He has labored with Flipkart for practically 8 many years.

Flipkart launched Shopsy in July final year as a reseller system for types these kinds of as manner, natural beauty, normal merchandise and dwelling items. The business also afterwards released the grocery class on a neighborhood purchasing design.

In April, Sikaria had told a news outlet that Shopsy was on observe to arrive at 100 million people by the stop of the 12 months, and would add a “significant share of Flipkart’s unit development.”

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

The social commerce place has found a good deal of action more than the earlier 12 months.

Very last thirty day period, Amazon obtained social commerce platform Glowroad. In the meantime, Meesho, which emerged among the the greatest gamers in the reseller social commerce area, pivoted from the business product to develop into a marketplace.

Google’s Youtube also took a guess on the place with the acquisition of Simsim, whilst Inmobi’s Look acquired Shop101 very last calendar year.

Flipkart did not comment when ET sought to validate Sikaria’s exit.