Snapdeal appoints Housing's Jason Kothari to head strategy, investments

He will also overlook raising capital, managing portfolio companies and strategic partnerships

Softbank-backed Snapdeal has appointed Jason Kothari, CEO of Housing.com, as its new chief strategy and investment officer, as it looks to make a comeback in India's fast growing e-commerce market.

Kothari was elevated as CEO of Housing (another Softbank portfolio company) in November 2015, after the board of directors unanimously voted him into the role. He replaced co-founder and former CEO Rahul Yadav who had been sacked by investors and turned around the company which was merged on Tuesday with NewsCorp backed PropTiger.

Housing's revenue grew four times, while expenses reduced by 70 per cent in the 13 months that Kothari led