Jabong chief product officer Saurabh Goel has quit the company to launch his own venture while Flipkart chief executive Binny Bansal is trying to bring old Flipkart hands back to Indian eCommerce company.

Jabong CPO Saurabh Goel Quits, To Launch His Own Venture

Jabong chief product officer Saurabh Goel has quit the company to launch his own venture in the financial technology space after serving almost eight months in the company. The company is looking out for a CPO and recently appointed chief operating officer Muralikrishnan B is directly overseeing this role for the moment.

Goel confirmed the development adding that his startup, Prosperx.com, will be launched in July. It will be a marketplace for financial products like mutual funds, insurance etc.

“I saw this opportunity and it was the right time, fin-tech is ready for disruption,” said Goel.

In February, Saurabh Srivastava, the chief marketing officer who was also hired last year around the same time, quit the company. Srivastava was brought in from mobile wallet firm Mobikwik.

Flipkart Brings Back Old Hands in Turnaround Efforts

Flipkart chief executive Binny Bansal is trying to bring old Flipkart hands back to Indian eCommerce company. At least three former senior Flipkart executives are back at the company under Binny Bansal, who replaced Sachin Bansal—now executive chairman—as chief executive officer in January.

Kalyan Krishnamurthy has joined Flipkart in his earlier role as head of categories. Krishnamurthy, an executive at Flipkart’s largest investor Tiger Global Management, was at first interim chief financial officer and then categories head, before leaving the company in November 2014.

Flipkart also bought PhonePe, a mobile payments startup, earlier this year to get its founders and former Flipkart executives, Sameer Nigam and Rahul Chari, back to the company,

Bansal also tried to bring back Vaibhav Gupta, a former senior finance executive, but Gupta isn’t joining Flipkart and started his own venture with two other former Flipkart executives.

Image Source: ShutterStock

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