Snapdeal’s CFO Aakash Moondhra Has Stepped Down

Snapdeal Chief Financial Officer Aakash Moondhra has Snapdeal CFO Aakash Moondhra quitsquit and could be starting his own venture or going back to investing, said people familiar with the development at the Delhi-based e-commerce company.

Snapdeal has not yet named a replacement for the former Bharti Retail and Barings Private Equity executive but said in an email that Moondhra will now play an advisory role.

“Aakash is a valuable member of our team and has played a key role in building Snapdeal as India’s largest online marketplace. From his current role as CFO, he is transitioning into an advisory role at Snapdeal to be able to pursue his other interests and passions. He continues to be a key member of the Snapdeal family,” a Snapdeal spokesperson said.

Moondhra, who was hired by Snapdeal in 2012 as CFO, couldn’t be reached for comment.