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Flipkart appoints Prathyusha Agarwal as Shopsy VP

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Flipkart, the Walmart-backed e-commerce giant, has appointed former BYJU executive Prathyusha Agarwal as vice president of its value commerce platform Shopsy. The strategic move is part of a wider reshuffle in Flipkart’s top management as the company prepares for its initial public offering (IPO).

A graduate of IIT Madras and IIM Ahmedabad, Agarwal brings a wealth of experience to her new role. She served as Chief Business Officer at BYJU’S from February 2022 to October 2023, then served as Venture Board Advisor for Zydus Digital Health Solutions. There were initially reports suggesting she had been hired as Shopsy’s CEO, but sources have now confirmed her position as vice president.

Launched in 2021, Shopsy began as a social commerce platform aimed at sellers from smaller towns, allowing them to place orders for their network and earn commissions. The platform has since focused on direct-to-consumer purchases, a shift that has led to significant growth. Between January and March 2023, Shopsy served more than 16 million customers. Operating on a zero commission marketplace model, Shopsy aims to democratize hyper-value commerce in India.

Flipkart’s leadership changes also saw Jupiter Money’s Anuj Rathi appointed as CEO of Cleartrip, another Flipkart subsidiary. These appointments are seen as crucial moves as Flipkart gears up for an IPO. While an IPO is not expected in 2024, the company is closely monitoring successful domestic consumer IPOs and prioritizing profitability.

Walmart, which owns an 85% stake in Flipkart, reported impressive ad revenue from the platform. Additionally, Flipkart’s contribution has been significant in boosting Walmart’s international sales.

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In a related development, Flipkart is reportedly considering moving its headquarters from Singapore to India as part of its IPO strategy, although no definitive plans have been announced yet.

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