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Saturday, November 23, 2024

Lydia Jett joins Flipkart’s board as independent director

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Lydia Jett, a former managing partner at SoftBank, has joined the board of e-commerce giant Flipkart as an independent director, as filed by the business in Singapore.

Flipkart continues to evaluate launching an initial public offering – Flipkart- Facebook

This appointment will be the second term Jett serves on Flipkartā€™s board of directors, ET Tech reported. The executive had previously joined Flipkartā€™s board of directors to represent its investor SoftBank in 2017 but then stepped down when she left her hole as managing partner at SoftBank at the beginning of 2024.
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Jett had led the e-commerce and consumer internet mandates at Japanese business SoftBank. Before Jett joined the board of directors of Flipkart, she spent a stint on the board of its rival business Snapdeal, ET Bureau reported.
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Jett will join a number of senior executives at Flipkartā€™s parent company Walmart on Flipkartā€™s board as well as Flipkart Groupā€™s chief executive officer Kalyan Krishnamurthy and HDFCā€™s chief executive officer Keki Mistry. The business saw one of its co-founders Binny Bansal step down from the board in January this year. Bansal was the last of Flipkartā€™s co-founders to leave the board as he pursues other entrepreneurial ventures.
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Along with her spot on Flipkartā€™s board of directors, Jett also has a place on the boards of businesses including South Koreaā€™s Coupang and Russiaā€™s Ozon. As Flipkart continues to evaluate launching an initial public offering, the business has rejigged its management to focus on profitability.

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