Flipkart owned fashion and lifestyle online portal, Myntra has appointed Ananth Narayanan as its chief executive officer. Mukesh Bansal, current CEO and co-founder of Myntra, will assume the position of the chairman of the board while continuing to lead Flipkart’s commerce platform. Ananth Narayanan worked at Mckinsey & Company for 15 years. Narayanan received his B.E. from University of Madras and his Masters from the University of Michigan, in Industrial Engineering and Operations Research.
Random Facts
- By connecting a modified domestic television with a phone line, Michael Aldrich invented online shopping in 1979.
- India is home to the fastest growing ecommerce market, and France is home to the slowest ecommerce growth.
- Approximately 46% of online users count on social media when making a purchase decision
- Myntra was bought by Flipkart in May 2014 for about $300 million.
