India’s leading e-commerce portal, Flipkart is about to launch and trying to build a new business to tap the fin-tech sector and includes all the customers in small cities and towns. The company is looking for a senior executive to run the business and to promote this among the market. The company has a clear vision and they know where they are heading they just need a proper leader who can form a team and lead the group by showing them the path.
Ravi Garikipati, CTO of Flipkart has commented that “We think we can do it better because of our access to rich, commerce data, in conjunction with some third party financial data. We can build some very proprietary credit scoring models and thereby expand our reach of the consumer base and offer commerce to those guys, we’ll be targeting the needful people and middle-class family, who can afford the products and can avail them”. He also mentioned that “we’ll be hiring the talented bunch of people in the areas like, computer vision, image sciences, and folks with deep experience in natural language processing and also speech technology.
The biggest competitor of Flipkart, Amazon has also invested ₹1,350 crore (about $200 million) in the Indian market, till the end of this year to accelerate the growth. The company is expecting to overtake Japan and Germany, Soon.