Top Executives at Myntra To Gain Big Post Flipkart Deal

BANGALORE: The long awaited acquisition of online retailer Myntra by Flipkart is finally over and nearly 2 dozen Myntra executives are the most excited about the deal. This is the biggest e-commerce merger in the nation so far, with Myntra being valued at 370 million dollars (2,200 crore), which means that employers who possess parts of the company will earn profits.

Ganesh Subramanium, the chief operating officer; Shamik Sharma, chief technology and product officer; Pooja Gupta, head of human resources; and Vikas Ahuja, chief marketing officer; are few people who will be gaining whopping amount from this deal. Their shares are estimated to be worth between one million to four million dollars or up to 25 crore.

The founders of Myntra, Mukesh Bansal and Ashutosh Lawania, who are together estimated to own about a fifth of the company, will see their ownership valued at 430 crore. However, it is not only the executives who will gain from this; about 500-600 employees who are a part of technology and marketing have also received stock options.  

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