With competition among quick commerce companies in India intensifying, demand for talent at the leadership level is also rising, Sreeradha Basu reports for The Economic Times.
Ashish Sanganeria, Senior Partner at executive search firm Transearch, shares that the rapid growth of quick commerce has opened up a lot of new job opportunities. There has been a significant rise in poaching for senior talent, the report says.
In fact, companies such as Swiggy Instamart, Zepto, Blinkit, and Flipkart are recruiting top talent by offering salaries ranging from ₹2-3 crore along with stock options, the report says further.
This year, Zepto has made key senior hires, like Martin Dinesh Gomez as Chief HR officer from Amazon and Vivek Prasad as Senior Vice President of private brands from Own Brands. Swiggy Instamart hired Amitesh Jha, former executive at Flipkart, as the company’s CEO.
Anshuman Das, CEO of executive search firm Longhouse Consulting, believes that the market will see even greater competition going forward with established players and new entrants striving to retain share and innovate, respectively.
The quick commerce industry in India will grow at a CAGR of 40-45% in the next three years, the report adds, citing a Redseer data.
Source: https://lnkd.in/gvTWj4FD
✍: Divya Pathak
📷: Getty Images
