E-commerce major Snapdeal on Wednesday appointed Jason Kothari as the company’s Chief Strategy and Investment Officer.
Kothari stepped down from his role at the Mumbai-based Locon Solutions Pvt. Ltd, which runs Housing.com, after the company merged with PropTiger on Tuesday.
In his new role, Kothari will oversee investments and strategic partnerships. He will be responsible for leading strategy, corporate development ,raising new capital for the company, and portfolio management, overseeing companies Snapdeal wholly owns or has invested in.
He will join on 16 January.
“Jason is a strong business leader and entrepreneur who has already been the CEO of two successful companies. Rohit and I warmly welcome him to the Snapdeal family and believe we will achieve even greater heights with his addition,”
said Kunal Bahl, co-founder and CEO, Snapdeal.
As stated by Jason,
“I’m excited to join Kunal and Rohit at Snapdeal during a defining period in Indian ecommerce that will shape the future of the Indian internet space. Snapdeal is on its way to building one of India’s best companies, and I look forward to helping in making that potential a reality,”
Kothari was CEO of Softbank-backed online real estate company Housing.com. Prior to joining Housing.com, Kothari was CEO and Vice Chairman of character-based entertainment company Valiant Entertainment.
Another interesting fact is that both Kothari and Bahl are alumni of the prestigious Wharton School – University of Pennsylvania.
It was said that Kothari, who was appointed as CEO of Housing.com post ouster of founder Rahul Yadav – will no longer be associated with the company but will continue to be an advisor to the joint entity through the end of February, 2017.