Snapdeal's go-to man for fundraising quits amidst mild investor interest

Sandeep Komaravelly is leaving to start his own venture, reports Tech In Asia

Amidst fundraising troubles and cost-saving measures, Snapdeal’s two senior executives have quit the firm. Abhishek Kumar, who was the head of corporate development and responsible for fundraising, has resigned.

Sandeep Komaravelly, senior vice-president for Snapdeal’s mobile customer-to-customer marketplace Shopo, also resigned in January. Abhishek will be replaced by high-profile recruit Jason Kothari, who was earlier put in change of reviving beleaguered Housing.

The exits have come after the SoftBank-backed startup said in November that it will shuffle its senior management. The program kicked off with Vishal Chadha, who was overseeing Snapdeal’s seller network. He was re-designated as the head of