Groupon restructures South Asia management1 min read . Updated: 17 Jun 2013, 07:44 PM IST
The company has now given bigger roles to senior executives at its India unit
Bangalore: Daily deals site Groupon said it restructured the management in South Asia, giving bigger roles to senior executives at its Indian unit.
Ankur Warikoo, chief executive at Groupon India, will now head the company’s Asia Pacific emerging markets, Groupon India chief operating officer Bharath Devanathan will now be COO of Asia Pacific emerging markets and Groupon India CFO Sumeet Kapur will be regional finance director.
“India is a key market for Groupon and has been one of the fastest growing countries in the APAC (Asia-Pacific) region. The leadership team in India has played an instrumental role in making Groupon the undisputed industry leader within a period of two years," Joel Neoh, international vice-president, Asia Pacific, said in a statement.
The site, which fired CEO and founder Andrew Mason earlier this year, is diversifying its business model with offers that run longer than its original proposition of daily deals.