Shopclues hires Deepak Sharma as new CFO as it prepares for IPO

Shopclues, an e-commerce marketplace that is focused on winning markets in tier-II and tier-III cities, is preparing for an Initial Public Offer (IPO) of equity. And, has appointed former V-Mart Retail executive Deepak Sharma as chief financial officer (CFO).

Sharma was CFO of V-Mart and led the company through its IPO in 2013. A chartered accountant, he has 24 years of experience, having worked with Punj Lloyd and Mitsui & Co.

"He will bring greater velocity in achieving bottom line profitability and prepare the organisation for a successful IPO," said Sanjay Sethi, chief executive of Shopclues.

At the start of the year, Shopclues