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Online marketplace Snapdeal has announced that <keyword id="352238" type="PERSON" weightage="100" keywordseo="Saurabh-Bansal">Saurabh Bansal</keyword> would be taking up the role of VP and head of category management. Bansal was earlier associated with Snapdeal as VP - merchandising strategy, leading analytics and merchandise planning at Snapdeal. Before he joined Snapdeal in March 2014, he was leading strategy and new business initiatives at Jubilant Enpro, where he was responsible for many bottom line impacting innovations at leading retailers like Metro Cash &amp; Carry and Spencer's Retail Limited. 
 
In his career of 12 years, Bansal has earned experience in several fields across retail, wholesale and buying merchandise for commercial ventures. 
 
For his new role, Bansal will take charge of end to end category management, emphasising on the continued expansion of product and brand assortment on Snapdeal through strategic partnerships. 
 
<a href="http://www.officechai.com/wp-content/uploads/2016/02/snapdeal-2.jpg">Image source</a>

Saurabh Bansal, Snapdeal’s former Merchandising Strategy head, will now head its Category Management

Google-backed government job preparation platform Adda247 on Monday said it has granted stock options worth ₹150 crore under its employee stock ownership plan (<keyword id="120103" type="General" weightage="80" keywordseo="esop" source="Orion">ESOP</keyword>) programme to its workers. The ESOP policy currently has a vesting period of four years and aims to reward exceptional talent while continuously valuing employees, the company said in a statement. "The entire purpose of ESOP policy is also to give priority and importance to our employees. Eventually, we want to generate wealth for all our employees with the dream to create at least a hundred crorepatis from our employees prior to our IPO," said <keyword id="1083572" type="General" weightage="80" keywordseo="anil-nagar" source="Orion">Anil Nagar</keyword>, Founder &amp; CEO of Adda247. Adda247 first launched its ESOP policy in 2016 and has rewarded around 10 per cent of its workforce across levels to date. "We as an organisation are committed to building a solid long-term business for our employees as they are our biggest asset," said <keyword id="352238" type="General" weightage="80" keywordseo="saurabh-bansal" source="Orion">Saurabh Bansal</keyword>, <keyword id="5393912" type="General" weightage="80" keywordseo="cofounder-coo" source="Orion">CoFounder COO</keyword>, Adda247. Adda247 caters to nearly 80-100 million government job aspirants across the country in 12 vernacular languages. The company recently acquired the UPSC-focused ed-tech platform, StudyIQ Education. Adda247 currently has 22 million monthly active users, and a total of 2 million paid users. The platform recently raised $35 million from marquee investors like <keyword id="6355629" type="General" weightage="100" keywordseo="google" source="Orion">Google</keyword>, WestBridge Capital, Infoedge and Asha Impact. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/wework-india-raises-550-cr-from-bpea-credit-managed-fund/articleshow/96510858.cms">WeWork India raises ₹550 cr from BPEA Credit-managed fund</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/best-7-seater-cars-under-15-lakh-scorpio-n-ertiga-carens-and-more/slidelist/96512128.cms">Best 7-seater cars under ₹15 lakh – Scorpio N, Ertiga, Carens, and more</a>

Google-backed Adda247 grants ESOPs worth ₹150 crore to employees

From 300 staff in 2013 <keyword id="541988" type="COMPANY" weightage="100" keywordseo="SnapDeal">Snapdeal</keyword> has expanded its workforce by more than fourfold in one year, crossing the 5,000 mark in April this year. 

	The New Delhi-based company hired extensively in technology, operations and supply chain segments. About 20 per cent of its current employees are in technology operations, where it plans to add another 1,000 in about six months to work on big data, mobile services, analytics, cloud infrastructure and web technology. 
 According to HR head <keyword id="2850599" type="UNKNOWN" weightage="100" keywordseo="Saurabh-Nigam">Saurabh Nigam</keyword>, the main reason for Snapdeal's success is its people. And, talent acquisition is one of the areas where competition is very intense. 

	"These days, the competition is so fierce that positions have to be closed in three weeks as compared to a turnaround time of three months in other industries. The major challenge that the company faces is map onto diversity of profiles, right talent, handle sheer volume and pace when hiring," he said.
 

	The next major focus of hiring is expected in logistics - fulfillment parks under 'Snapdeal Plus'. It has around 50 fulfillment centres in 20 cities and has plans to expand the number to 75 across 30 cities this year. Snapdeal is looking to get more sellers on its platform to stock products at its fulfillment centres so that deliveries can be processed quickly. 
 It made several senior-level hirings in the past year. As much as 60-70 per cent of these were done via social media and personal referrals, said Nigam. Snapdeal has a leadership hiring team which works directly under cofounders <keyword id="219793" type="PERSON" weightage="100" keywordseo="Kunal-Bahl">Kunal Bahl</keyword> and <keyword id="396598" type="PERSON" weightage="100" keywordseo="Rohit-Bansal">Rohit Bansal</keyword>, as the company looks to strengthen the management with executives who can prepare it for an initial public offerings in the next two years or so informs Nigam. 

	Snapdeal is considering setting up a base in the US, in its efforts to strengthen its technology arm, hire more specialists and become the first Indian consumer Internet company to establish a presence in the world's biggest startup hub. 
 

	Internally, the company is working towards developing staff policies such as Advitya, an initiative to get mothers on break to join the workforce, hire boomerangs (people who have once worked at the company) and create a strong alumni network that is informed of Snapdeal opportunities. 
 

	As the company has expanded quickly, it is relocating to a new office in Udyog Vihar, Gurgaon, in July-August. It is spread across 4.5 lakh sq ft and can house more than 4,000 employees. 
 

	The platform, started in February 2010 by Bahl and Bansal as a daily deals platform named MoneySaver, currently has more than 1.5 lakh sellers, offering around 12 million products in more than 500 categories. The company is looking to add another 1 lakh sellers to the list this year. Snapdeal has eight offices in Delhi, one in Bengaluru and regional offices in Chennai, Surat, Kolkata and other smaller cities.

	 
	 
	(Image credits: Twitter)

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