The last week of December 2017 witnessed just one major move. Softbank’s Lydia Jett has joined the Flipkart board.
After stepping down from the Snapdeal board around two weeks ago, SoftBank’s Lydia Jett joined the board of homegrown ecommerce unicorn Flipkart. Jett currently serves as a consumer Internet and ecommerce investor of SoftBank Vision Fund, which infused $2 Bn-$2.5 Bn funding into Flipkart earlier this year.
She is currently based out of San Francisco and her other investments include Indonesian online marketplace Tokopedia, Silicon Valley-based robotics company Fetch Robotics and Florida-based sports ecommerce company Fanatics.
An MBA graduate from Stanford University, Lydia Jett previously worked as an Investment Banking Analyst at J.P. Morgan and Principal Investment Area Associate at Goldman Sachs.
Jett stepped down from the Snapdeal board in October, following the breakdown of merger talks between Flipkart-Snapdeal merger after 3 months of negotiations.
The developments comes just two weeks after, SoftBank’s Kabir Misra recently joined the board of Paytm’s parent company, One97 Communications.
Apart from that, Saurabh Jalan also joined the Snapdeal board as an Additional Director earlier this month. Lately, SoftBank has appointed new representatives for its portfolio companies in India, and Lydia Jett’s appointment seems to be the latest one.