Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on

Prakash Sikaria, senior vice president, growth and monetisation at Flipkart, is leaving the e-commerce firm to pursue his entrepreneurial ambitions.

Flipkart will restructure Sikaria's portfolio into two units--New Businesses and M3--for focus and to scale up, said Kalyan Krishnamurthy, Flipkart’s chief executive officer, in an internal note reviewed by 'Business Standard'.

'New Businesses' comprise travel (Cleartrip and Flipkart Travel), social commerce platform Shopsy and ReCommerce. It will be headed by Adarsh Menon, senior vice president, category design and operations. “Adarsh (Menon) has been with Flipkart for 7 years and has successfully led and scaled both established businesses and 0-to-1 charters,” said Krishnamurthy.

Before Flipkart, Menon worked for 11 years at the consumer goods company Hindustan Unilever. He will report to Krishnamurthy.

At Flipkart, he has moved into the new role after completing the transition of Flipkart Wholesale to the respective Leaders across CDO, One Tech, EKart and Corp Functions. Prior to this, he led and scaled the electronics and furniture BUs (business units) and also built the private brands and private labels businesses from scratch. (What does the sentence mean?)

“We are in the process of hiring a new leader for the M3 Org over the next few months, till such time Prakash will continue to lead these teams,” said Krishnamurthy.

Last December, Flipkart merged its ‘Customer & Marketing Org’ with ‘Growth & Monetisation Org’ to create a singular Flipkart Growth charter under Prakash Sikaria,

Sikaria was with Flipkart since 2015 and helped launch initiatives such as Ads, Plus, Supercoins, Games, Video, Travel and social commerce platform Shopsy.

Shopsy, launched last year in July, recently said it is eyeing about 100 million users by 2023-end. The platform has over 250,000 sellers with 150 million products ranging across fashion, beauty, mobiles and home.