New Delhi, August 8, 2016: Continuing its rigorous growth spree after securing the Series A funding, Bengaluru based B2B on-cloud marketplace, Shotang, has roped in Krishan Nagpal as the Vice President– Technology. In his current role, Krishan Nagpal would be responsible for Technology at Shotang.
After already securing the presence of Sanjay Anandaram and Sameer Garde in its well studded advisory board, welcoming the new VP on-board is the step in the right direction for Shotang. Nagpal comes with over one decade of experience and has previously been associated with esteemed organizations like CommonFloor.com, D.E. Shaw & Co. and IBM Global Process Services.
“It is a matter of great pleasure to have Mr. Krishan Nagpal as VP- Tech at Shotang. We value his experience and knowledge about the vertical and are affirmative that his presence will contribute towards our successful stride forward,” said Anterpreet Singh, Co-Founder, Shotang.
Sharing his thoughts on the appointment, Krishan Nagpal, VP-Tech, Shotang said, “With Shotang, we have a chance to fundamentally change the way offline retail and distribution operates at the moment. This is a very large space which technology has not changed in any significant way. Once I was aligned with the founding team’s vision and role of technology in it, I knew this is going be an exciting stint. Completely looking forward to building a disruptive platform and a great technology team.”
Bengaluru-based on-cloud marketplace, Shotang, was incepted in May 2013 with the mission to revolutionize the many processes involved in traditional retail distribution channels. By aggregating distributors and consumer brands, it seeks to provide opportunities for companies to enhance their productivity and build a robust network. The company aims to play a crucial role in scaling-up operations for the industry that’s pegged at 630 billion USD and has 15 million retailers and empower all three stakeholders in the retail distribution system – distributors, retailers and manufactures.. Being an open marketplace, Shotang will help manufacturers with rapid market access. Retailers, on the other hand, stand to benefit from easy access to more suppliers, more products, better prices and structured credit. In short, it’s a win-win for all.
Shotang was selected as one of the Top 10 early stage start-ups by TiE, Bengaluru under its flagship programme titled Anthah Prerana. Last year, Shotang was also chosen to be a part of Microsoft Ventures’ accelerator programme for scale-up companies. The company’s future plans include aggressive expansion across 10 Indian cities apart from establishing a strong presence across 4-5 top product categories.