Paytm Mall, online marketplace, has assigned Amit Sinha, group veteran, as a head of overall operation as it is striking ahead with the hope to take over its rivals such as Amazon India and Flipkart that have a significant place in market.
Amit Sinha will report to founder of the company directly
Until recently, Sinha who was senior vice president at One 97 communication, parent company of Paytm, will now be the COO (Chief Operating Officer) at Paytm Mall. As per report, he will report to Sekhar Sharma, founder of the company.
Categories looked by Sinha
Logistics, Category leaders and operation functions of Paytm Mall will report to Sinha. As per release, “He will be responsible for overall operations of Paytm Mall and expanding the team to ensure customers have access to the widest assortment of products”.
Sinha holds MBA degree from Indian Institute of management-Calcutta along with an engineering degree from Indian School of Mines, Dhanbad, is associated with One 97 Communication for a decade and handling human resources, business process and finance functions.
Company was looking for an external candidate
As per a spokeswoman, earlier the company was looking for an external candidate to assign as CEO of the company but now it is no longer looking for such candidate.
What Sharma said on Amit’s appointment as COO
Sharma said that,
“At Paytm Mall, we are addressing a unique opportunity of giving small businesses and retailers access to mobile internet technology to address India’s large mobile consumer base.
Amit’s experience in building businesses since their inception makes him our best choice to lead our commerce business”.
Earlier Satti was appointed as head
Earlier One97 Communications had named Renu Satti, another group veteran, as head of payments bank unit. Weeks after that move, it brings in Sinha. Sharma holds 51% stakes in Paytm Payment Bank whereas rest 49% is held by One97 Communications.