ShopClues appoints Deepak Sharma as new CFO

India's first and largest managed online marketplace ShopClues on 21 July announced appointment of Deepak Sharma as CFO.

Deepak who joins ShopClues from Vmart, is an alumnus of St. Stephen's college and Institute of Chartered Accountants of India, Delhi, with over 20 years of industry experience in the retail sector. He led Vmart's IPO as its CFO in 2013.

He is credited with establishing robust practices around corporate governance, financial reporting and disclosures, FP&A, risk management, treasury and Investor relations among others, which enable sustenance and stability for organizations, especially in the challenging category of brick-and-mortar businesses.

"I believe that the CFO of the company has the prime responsibility to ensure that value creation becomes a mainstream part of the corporate culture while fundamentals of the business are further strengthened. I am happy to be at ShopClues and hope to make a difference in this vibrant and new age company," said CFO ShopClues, Deepak Sharma.

"We are very happy and excited to have Deepak on board. His will bring greater velocity in achieving bottom line profitability and prepare the organization for a successful IPO. He is an extremely passionate person and with his rigours experience in the brick and mortar as well as leading an organization for an IPO , we cannot imagine of any better person than Deepak to join forces with us," said co-founder and CEO ShopClues, Sanjay Sethi.

Deepak comes from a services background. His father was working with central government and played for Indian Hockey team in Olympics. Deepak is an avid reader and a philanthrope who donates to multiple charities.

-PTI