Listed stockbroking firm Angel One is reportedly set to rope in Arief Mohamad as its new CBO, and he has already dropped his papers at Flipkart, where he was heading the fashion vertical
Mohamad has been working with Flipkart for over nine years under various roles, and previously, he served as the vice president – head of fashion since November 2023
Mohamad will be taking over the position which was held by Prateek Mehta in Angel One, who worked with the trading firm for 18 months as executive director and CBO
Listed stockbroking firm Angel One is reportedly set to rope in Arief Mohamad as its new chief business officer.
As per ET’s report, citing sources, Mohamad has already put in his papers at Flipkart, where he was heading the fashion vertical.
Inc42 has reached out to Angel One for comments on the development. The story will be updated based on the response.
As per Mohamad’s LinkedIn profile, he has been working with Flipkart for over nine years under various roles. He served as the vice president – head of fashion since November 2023.
Prior to that he has also worked with the FMCG chain SPAR for three years under various positions. He worked with SPAR as associate vice president and head of FMCG (B&M) before he left the company.
Mohamad will be taking over the position which was held by Prateek Mehta in Angel One. Mehta worked with the trading firm for 18 months as executive director and chief business officer before he stepped down from the role. Prior to that, he founded Scripbox and has held the leadership positions until 2022.
Currently, he works with an investment company South Park Commons as a partner since July 2024.
At a time where Walmart is planning the IPO of its ecommerce subsidiary, Flipkart’s former executives are being fished to lead senior positions in other companies.
For instance, foodtech major Swiggy roped in Flipkart’s former senior vice president Amitesh Jha as chief executive officer of its quick commerce business Instamart, a week ago.
Also, in May, ecommerce platform Meesho roped in former senior vice president and head of product Surojit Chatterjee as an independent director to its board.
Angel One, despite facing allegations of data breach, since 2023, the Mumbai-based trading portal acquired 2.2 Lakh active investors in June, as per the NSE data. As per reports, Angel One is also speeding up to pull in more users every month than Zerodha and is likely to surpass the latter soon.
