Snapdeal CFO Anup Vikal resigns

Though Snapdeal has been trying hard to bring its ship back into steady waters, looks like, there is still some time before that happens. In a latest blow to the e-commerce marketplace, Snapdeal’s chief financial officer (CFO) and general counsel, Anup Vikal has resigned from the company, reports ET.

"Anup has done sterling work at Snapdeal, building high levels of governance and helping structure various transactions of importance for the company. He has led the finance function with distinction, contributing immensely in furthering the profitability initiatives of Snapdeal, which the deep bench of Snapdeal' finance team will continue. I wish him the very best for his professional pursuits,” Kunal Bahl, chief executive of Snapdeal, said in a statement to the publication.

Vikal joined Snapdeal in October 2015 from Aircel. Prior to that, he was the group CFO and head of IT and strategy at InterGlobe Enterprises, which owns and operates IndiGo airlines.

Vikal was handed the additional charge as general counsel at Snapdeal in May this year, after Snapdeal’s group general counsel Ashish Chandra quit. At the time, Snapdeal was apparently in the midst of merger talks with rival Flipkart. The discussions eventually collapsed after long months of infighting between Snapdeal stakeholders and the founders' reluctance to sell.