Snapdeal to rope in Tech gurus from Silicon Valley

To build a formidable product and engineering leadership team that would oversee over 1,500 engineers, Snapdeal is planning to rope in technology top notches from the Silicon Valley.
The company is eyeing to hire senior executives from top consumer internet and technology companies like Google, Facebook, Twitter and Salesforce who have demonstrated the ability to scale and grow at a rapid pace.Snapdeal will be offering a pay package of about $1 million each including stock options.
Eyeing at a very high growth, Snapdeal is looking for talented professionals who have seen companies at an early stage and have scaled them by 30x or 50x in two years. The significant tech areas where the company is focusing into are Big Data, analytics, supply chain management and mobile.
Over the next three years the company plans to have 1 million merchants retailing their products through a handset, eliminating the need of a computer. The merchant app on the phone allows them to scan product barcodes and do everything else necessary to showcase their products on the Snapdeal site. Already close to 60% of the company’s over 100,000-strong merchant base is using mobile as the preferred medium of sales.
Over the last six months, Snapdeal has doubled its product and engineering division strength. In the same period, the company has opened a 300,000-sq-ft engineering development centre in Bengaluru, with options to scale the facility to 500,000 sq ft.
- See more at: http://www.varindia.com/snapdeal-to-rope-in-tech-gurus-from-silicon-valley/#sthash.LaEsYixb.dpuf

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more