Snapdeal ropes in Vikas Bhasin as its new CFO

After a slew of high profile exits, Snapdeal has finally roped in former MakeMyTrip executive Vikas Bhasin as its new Chief Financial officer (CFO).

“At Snapdeal, he will focus on providing leadership to finance team besides crafting strategies towards the organisation’s profitability,” said Kunal Bahl, CEO and co-founder of Snapdeal, in an e-mail to employees last week.

Moneycontrol has seen a copy of the letter.

Introducing Bhasin in the e-mail, Bahl added, “Prior to joining Snapdeal, he has worked as a CFO at Pine Labs. At Pinelabs, (a leading provider of Payment, Loyalty and Retail automation system in India), he was responsible for providing leadership, guidance and direction to finance team besides supporting the management on overall strategy. One of his key achievements in his former company, MakeMyTrip was running a successful IPO and FPO in the USA.”

Last year Snapdeal’s CFO Anup Vikal resigned after the company called off its merger talks with Flipkart.

Vikal's departure marked one of the most important exits in the e-commerce company's past since Snapdeal announced its decision to set up a '2.0' version of itself, a plan to transform into a much leaner organisation.