Chandrasekaran quits Snapdeal

In yet another high-profile exit from a start-up, chief product officer at Snapdeal Anand Chandrasekaran has quit the company less than a year of joining it.

Chandrasekaran was technically the third-in-command at the online marketplace. Snapdeal's co-founder Rohit Bansal confirmed the news on Twitter. "@anandc proud of the super work by you and the product team. Hard to believe that this was just 1 yr. Farewell, keep rocking!" he tweeted.

In reply Chandrasekaran said, "@rohitkbansal thanks for the support. We did in 1 what would take 3 years anywhere. Incredible passion @snapdeal. Best still to come!"

According to sources, Chandrasekaran might start a new venture and is on the verge of setting up a team to do that. "He might launch a new company or be part of the founding team of one. However, details are being kept under wraps," said a source close to Snapdeal.

Chandrasekaran did not answer calls. A Snapdeal spokesperson said Chandrasekaran has done some stellar work on the product side. "His insights and attention to detail have helped us traverse quickly towards launching and improving products at Snapdeal. We wish Anand the very best for his entrepreneurial journey ahead."

The last one year has seen a large number of high-profile executives in the Indian start-up ecosystem putting in their papers. Reasons ranged from starting new ventures to lack of job satisfaction.

Flipkart has in the last few months lost a number of its top management hands, including Myntra co-founder and the third most powerful executive at the company Mukesh Bansal, chief product officer Punit Soni and chief business officer Ankit Nagori.

Chandrasekaran joined Snapdeal in June 2015 after stepping down as the chief product officer at Airtel. He had earlier worked for Yahoo and Openwave. He has invested in a number of companies, including Delhi-based Advergame Technologies Pvt Ltd that operates mobile-based gaming network app Gamezop. He has also made investments in Pluss and Innerchef, among others.