It has also filled a key gap in its payment systems team by hiring Ravi Byakod, a senior Google engineer who had led teams in building the Google Payment Gateway and Apps hosting platform, as director of the engineering-accounting platform. Byakod will head the team in charge of building an accounting platform for both existing and new initiatives. Anand Lakshminarayanan, a Microsoft executive, has been appointed head of product management for digital goods and services. Lakshminarayanan had earlier built MSN products in the health, fitness, sports and money segments. Prior to that, he was group product manager at eBay. The three new executives would be based here, Flipkart stated.
In the recent past, Flipkart has announced quite a few top-level appointments. Six months ago, it had appointed Punit Soni has chief product officer. Another key appointment was that of Eric Lange, who managed analytics and publisher products for Yahoo!'s ad business.
Flipkart, valued at $15 billion, lags smaller rivals Snapdeal and Paytm in owning a payment system that also works as a wallet.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)