Snapdeal.com, owned by Jasper Infotech Pvt Ltd, on Tuesday said Amit Maheshwari is stepping down as head of the company’s fashion category to lead its newly acquired luxury fashion portal Exclusively.com as chief executive. Snapdeal acquired Exclusively.com in February in what is believed to be an all-stock deal. The company did not disclose details of the transaction. Snapdeal is yet to name a successor to Maheshwari, who was serving as senior vice-president of fashion business, one of the fastest growing categories for the company. According to Snapdeal, the fashion category is expected to make $2 billion in the current financial year. Exclusively.com is expected to contribute $100 million in revenue in the current fiscal year, Mint reported in April.

 

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