Meet Kabir Mishra, Softbank's most experienced man appointed to Snapdeal board

Softbank has brought in its most experience e-commerce man Kabir Mishra on Snapdeal’s board.

The move comes after Snapdeal is aggressively targeting to hit profits within two years and has been on a firing spree. Snapdeal, which faces intense competition from Amazon and Flipkart, had last reported an employee strength of 8,000.

"Softbank has appointed its most experienced e-commerce veteran Kabir Mishra to the board of Snapdeal to support the company," a source privy to the development told PTI .

Kabir has for many years been closely involved in managing Softbank's investment in Alibaba in China, a source told PTI.

Kabir has also played an anchor role in managing Softbank s investment in Indonesian e-commerce major Tokopedia and had extensive involvement in South Korean firm Coupang, where Softbank invested USD 1 billion in June 2015, the source added.

Rohit Bahl and Rohit Bansal also had announced that they will take a 100 per cent salary cut, and also said many senior leaders had "offered to take a significant cut in their compensation."