Top-level exits continue at Snapdeal, India’s third largest e-commerce company, as Tony Navin, head of partnerships and strategic investments, decided to move on after a seven-year stint. Navin’s exit comes in quick succession of two other bigwigs — Abhishek Kumar and Sandeep Komaravelly — exiting the company.
“This will have some major impact. Top level exits in quick succession raises question on stability. But, the positive side is that Snapdeal was trying to do too many things at the same time, and is now focusing on fewer things to get its act right,” said Sanchit Vir Gogia, Chief Analyst and CEO at Greyhound Research.