Sources said the ...Key stories on business-standard.com are available to premium subscribers only. Flipkart’s Group Head (Fashion), Rishi Vasudev, has resigned from the firm on Thursday. Shital Mehta will replace Vasanth Kumar to become the new MD.… Dubai-based Landmark Group’s Lifestyle hotels are witnessing leadership change. He shares our group’s people and customer focus and his rich online and technology expertise will also be integral to bringing innovative solutions to our omni-channel business goals,” said H Ramanathan, chairman of the board - India.Earlier this year, Vasudev was promoted to senior vice president at Flipkart and was given the...Growth opportunities in new startups, fund crunch prompting top executives to exit ...Walmart-owned Flipkart Group holds a 77% market share or fashion online, as per industry reports, with a rapid growth in tier 2 and 3 cities, according to Rishi Vasudev, senior vice president and group head-fashion at Flipkart.The Flipkart group, which includes Flipkart.com and two lifestyle portals Myntra and Jabong, will manage Nautica’s online and offline businesses in the country through a network of franchisees.Myntra and Jabong are collectively expected to generate $2 billion in gross merchandise value (GMV), growing at 65-70% for fiscal 2019, as per a report by Barclays released in December 2018.The development comes just a week after the e-commerce major named Amar Nagaram as head of Myntra-Jabong, following the resignation of Ananth Narayanan as its CEO.Companies aim to expand distribution, tap 18-24 age group of Flipkart, Amazon customers.Scheme, similar to that of Walmart-owned Jet.com, will help the fashion ecomm co save on reverse logistics cost that is shared with customers.Flipkart is betting big on luggage despite lagging behind in market share in comparison with Amazon.The total size of online footwear market in India is pegged at Rs 6,300 crore.Flipkart Fashion is currently experiencing 60-70% growth and they expect the next few months to witness 100% growth.Binny Bansal resigned after a probe into what parent Walmart said was "serious personal misconduct".Experts tracking the online fashion space say that Flipkart Fashion has been growing at a rapid pace with the company’s fashion sales surging to $800 million in 2017.Experts tracking the retail space believe that online commerce players like Flipkart and Amazon India are targeting fashion for the short-term growth.Do you think the world is ready for an autonomous economy?Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved.
He was responsible for the expansion of the fashion vertical, both at Flipkart and Myntra. The funds were raised between May 2019 to March 2020.
Going to suck your blood if your speak against my country.. Rest is fine, have a nice day! After serving for more than four years as vice president at Flipkart, Vasudev was recently promoted as senior vice president at the e-commerce major. 22 January 2019 Current Affairs:Walmart backed E-Commerce giant Flipkart promoted its Fashion department head Rishi Vasudev to head Myntra – Jabong’s Fashion and lifestyle categories as an additional responsibility. Walmart-owned Flipkart Group holds a 77% market share or fashion online, as per industry reports, with a rapid growth in tier 2 and 3 cities, according to Rishi Vasudev, senior vice president and group head-fashion at Flipkart. Business Standard is happy to inform you of the launch of "Business Standard Premium Services"As a premium subscriber you get an across device unfettered access to a range of services which include:Welcome to the premium services of Business Standard brought to you courtesy FIS.Pay using Master/Visa Credit Card & ICICI VISA Debit CardAuto renewed (subject to your card issuer's permission) Hyderabad: Lifestyle International, part of Dubai-based hospitality conglomerate Landmark Group, appointed Rishi Vasudev as the Chief Executive Officer for Lifestyle and Home Centre.Vasudev will take on his role from June 1, and will be working alongside Vasanth Kumar towards ensuring a seamless leadership transition. ... Share on Facebook Share on Twitter. Vasudev was one of the key members of the company’s core team.