AceVector Limited, the parent company of the popular e-commerce platform Snapdeal, unveiled leadership reshuffles on Wednesday, naming Achint Setia as the new CEO of Snapdeal.
This move comes alongside the confirmation that Himanshu Chakrawarti, the outgoing CEO of Snapdeal, will take over as CEO of Stellaro Brands, a subsidiary of AceVector focusing on apparel labels like Rangita.
Continue Exploring: Hungry? SNACC It! Swiggy’s 15-Minute Fix Is Here
Major Leadership Change
The leadership change comes after a period of significant growth for both Snapdeal and Stellaro under Chakrawarti’s stewardship. The company believes the restructuring will allow Chakrawarti to devote more time and energy to scaling Stellaro’s operations.
Setia, who steps into the role at Snapdeal, brings nearly two decades of experience across e-commerce, marketing, strategy, and technology. An MBA graduate from the Indian School of Business (ISB), Setia’s career includes high-level roles at Zalora Group in Singapore, Myntra, Viacom18, McKinsey & Co., and Microsoft.
Continue Exploring: BorderPlus: Bridging the Gap for Indian Workers to Global Opportunities
Kunal Bahl and Rohit Bansal, co-founders of Snapdeal, expressed their confidence in the appointments, stating that the leadership transitions would strategically leverage Chakrawarti’s past achievements while tapping into Setia’s extensive expertise in digital retail and brand development. The company is optimistic that this reshuffling will benefit both Snapdeal and Stellaro as they look to accelerate their respective growth strategies.
