Ratan
Tata and Azim Premji-backed e-commerce player Snapdeal is looking to
poach technology talent from Silicon Valley to build a formidable
product and engineering leadership team that would oversee over 1,500
engineers.
The e-tailer is looking to get senior executives from top consumer internet and technology companies in the Valley such as Google, Facebook, Twitter and Salesforce. The company says it wants talent from companies that have demonstrated the ability to scale and grow at a rapid pace. And it expects that this talent will come at pay packages — including stock options — of about $1 million each.
Speaking to TOI, Rohit Bansal, co-founder and COO of Snapdeal, said, "We are at a point where we are running out of experienced talent in India. We have seen scale with respect to consumer internet products, but those products didn't get built in India."
Bansal said the talent he is looking for are those who have seen companies at an early stage and have scaled them by 30x or 50x in two years. "That's the kind of growth we are looking at," he said.
Snapdeal — which recently raised $627 million (over Rs 3,700 crore) from Japanese internet company SoftBank — saw its business grow 600% last fiscal, and is said to be on course to achieve similar growth figures in the ongoing fiscal. Such growth requires a significant beefing up of its technology division.
Big data, analytics, supply chain management, and mobile are some of the tech areas that Snapdeal is increasing its focus on. Over the next three years the company plans to have 1 million merchants retail their products through a handset, eliminating the need of a computer. The merchant app on the phone allows them to scan product barcodes and do everything else necessary to showcase their products on the Snapdeal site. Already close to 60% of the company's over 100,000-strong merchant base is using mobile as the preferred medium of sales.
Over the last six months, Snapdeal has doubled its product and engineering division strength. In the same period, the NCR-based firm has opened a 300,000-sq-ft engineering development centre in Bengaluru, with options to scale the facility to 500,000 sq ft.
The e-tailer is looking to get senior executives from top consumer internet and technology companies in the Valley such as Google, Facebook, Twitter and Salesforce. The company says it wants talent from companies that have demonstrated the ability to scale and grow at a rapid pace. And it expects that this talent will come at pay packages — including stock options — of about $1 million each.
Speaking to TOI, Rohit Bansal, co-founder and COO of Snapdeal, said, "We are at a point where we are running out of experienced talent in India. We have seen scale with respect to consumer internet products, but those products didn't get built in India."
Bansal said the talent he is looking for are those who have seen companies at an early stage and have scaled them by 30x or 50x in two years. "That's the kind of growth we are looking at," he said.
Snapdeal — which recently raised $627 million (over Rs 3,700 crore) from Japanese internet company SoftBank — saw its business grow 600% last fiscal, and is said to be on course to achieve similar growth figures in the ongoing fiscal. Such growth requires a significant beefing up of its technology division.
Big data, analytics, supply chain management, and mobile are some of the tech areas that Snapdeal is increasing its focus on. Over the next three years the company plans to have 1 million merchants retail their products through a handset, eliminating the need of a computer. The merchant app on the phone allows them to scan product barcodes and do everything else necessary to showcase their products on the Snapdeal site. Already close to 60% of the company's over 100,000-strong merchant base is using mobile as the preferred medium of sales.
Over the last six months, Snapdeal has doubled its product and engineering division strength. In the same period, the NCR-based firm has opened a 300,000-sq-ft engineering development centre in Bengaluru, with options to scale the facility to 500,000 sq ft.
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