San Francisco-based SoftBank executive Lydia Jett, who stepped down as a director at Snapdeal in October, has joined Flipkart’s board, months after merger talks between the two fell through. Jett, who had joined Snapdeal’s board in March, is a consumer Internet and ecommerce investor with SoftBank Vision Fund, which had pumped in $2.5 billion into Flipkart.
This is the latest rejig that the Japanese telecommunications corporation has made among its representatives in the company’s leading portfolio companies in India, according to a report in a top financial daily.
SoftBank’s Kabir Misra recently joined the board of Paytm’s parent company, One97 Communications, while Saurabh Jalan joined Snapdeal as an additional director.
Jett had earlier worked with Goldman Sachs, JP Morgan and M/C Partners. She studied in Stanford University and the London School of Economics and Political Science. (DS)
Source Fibre2Fashion News Desk – India