Days after mopping up $1 billion (Rs 6,000 crore) in funding, India's top online retailer Flipkart said it has hired a former venture capitalist to lead its mergers and acquisition team. Rivals Amazon and Snapdeal too in recent weeks have brought in former investors to direct a similar charge as the big boys of Indian online retail prepare to go shopping themselves. Nishant Verman, earlier an associate in the Delhi office of Silicon Valley venture firm Canaan Partners, will now lead the charge at Flipkart to acquire companies and also invest in startups. "At Flipkart, we are building India's first $100-billion company and inorganic growth is a strong component of that vision," said Mekin Maheshwari, chief people officer at Flipkart.

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