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In a bid to give wings to his dreams, the Delhi-based online market Snapdeal’s Chief Technology Officer Amitabh Misra has resigned from his post and will bid adieu to company at the end of February. He is likely to start his own entrepreneurial venture.

The company has also confirmed the move and appointed former Yahoo India and Amazon Web Services executive Jeyandran Venugopal as a replacement. He will be associated with the Snapdeal family as a Technology Advisor and work with the leadership team to lay down the strategic technology roadmap for the future.

Speaking on the exit, Snapdeal spokesperson said, “Amitabh has been a valuable member of our team and has played a key role in helping Snapdeal build a strong technology platform till now. He has decided to pursue other interests now and we wish him all the best for the same.”

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Misra had joined the company in 2011, and held the role of senior vice-president – Engineering. He is also credited with creating and building company’s IT infrastructure and backend systems.

The IIT Kanpur and University of California at Berkeley alumni is planning to use his expertise in building large scale intelligence systems, big data analytics, cloud technology and mobility for his upcoming venture.

Recently, Indian ecommerce space has seen a major organizational restructuring at all levels. Earlier in last year, there were reports that Flipkart had poached senior executives from FedEx, Yahoo and IBM to lead their supply chain and engineering functions.

Snapdeal was founded in 2010 by Kunal Bahl and Rohit Bansal. The company claims to have 10 Mn+ products across 500+ diverse categories. With over 40 million members and seller base approaching 100,000 sellers, Snapdeal.com offers delivery to 5000+ cities and towns in India.

It has recently acquired online fashion retailer Exclusively.com for an undiclosed amount to further strengthen its fashion business and reaching $2 Bn in gross merchandise volume in the fashion category this year.

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