Jason Kothari joins Snapdeal as Chief Strategy and Investment Officer

Snapdeal, one of India's largest online marketplaces, has announced the appointment of Housing.com's CEO, Jason Kothari as its Chief Strategy and Investment Officer.  He will work alongside co-founders, Kunal Bahl and Rohit Bansal, in this key leadership role and will be joining Snapdeal on January 16, 2017. 

As Chief Strategy and Investment Officer for Snapdeal, Kothari's responsibilities will include 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.

Kothari was CEO of Softbank-backed online real estate company Housing.com, where he led the successful turnaround of the Company from a position of distress to a market leader in one and a half years using organic and inorganic growth.

Prior to joining Housing.com, Kothari was CEO and Vice Chairman of character-based entertainment company Valiant Entertainment, where he led the successful acquisition out of bankruptcy, and turnaround of the Company resulting in a record return in the industry and media recognition calling the Company "Marvel 2.0".

Kothari holds a Bachelor of Science degree from the University of Pennsylvania's The Wharton School and has also been an investor.

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

Jason Kothari, Chief Strategy and Investment Officer, Snapdeal, said, "I'm excited to join Kunal and Rohit at Snapdeal during a defining period in Indian e-commerce 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."