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Housing CEO Jason Kothari Joins Snapdeal As Chief Strategy And Investment Officer

Housing CEO Jason Kothari Joins Snapdeal As Chief Strategy And Investment Officer

Jason Kothari, the interim CEO of since Rahul Yadav’s departure has come onboard Snapdeal as Chief Strategy and Investment Officer. The announcement came in just a day after the Housing and PropTiger merger was made public.

Jason is known for turning around the Housing platform after the the infamous falling out and subsequent firing of CEO Rahul Yadav and amidst high cash burn rates.

Post-merger, Jason had revealed his plans to pursue other opportunities in the Indian Internet space, while being an advisor to the joint entity through the end of February 2017.

As per reports, he will work alongside Snapdeal founders Kunal Bahl and Rohit Bansal. He will be responsible for leading strategy, corporate development, including all investments and strategic partnerships, raising new capital for the company, and portfolio management, overseeing companies Snapdeal wholly owns or has invested in.

“Jason is a strong business leader and entrepreneur who has already been the CEO of two successful companies. Rohit and I warmly welcome him to the Snapdeal family and believe we will achieve even greater heights with his addition,” said Kunal Bahl, co-founder and CEO, Snapdeal.

As stated by Jason, “I’m excited to join Kunal and Rohit at Snapdeal during a defining period in Indian ecommerce that will shape the future of the Indian internet space. Snapdeal is on its way to building one of India’s best companies, and I look forward to helping in making that potential a reality,”

Prior to joining, Kothari was CEO and Vice-Chairman of character-based entertainment company Valiant Entertainment. He holds a Bachelor of Science degree from the University of Pennsylvania’s The Wharton School and has also been an investor.

[The development was reported by ET.