CredAvenue appoints Flipkart's Krishnendu Majumdar as chief product officer

Debt marketplace CredAvenue has announced the appointment of Krishnendu Majumdar as its chief product officer, said a statement issued today.

Most recently, he served as the vice-president of catalogue and buying experience at Flipkart. He has experience across domains like banking, online brokerage, supply chain management, advertising, and e-commerce. In his new position, he will drive the firm's product strategy and build deeper synergies within different product verticals through technology-oriented solutions.

Majumdar has over two decades of extensive experience in building scalable solutions for complex and disruptive businesses in both B2B and B2C domains, and has worked across other companies like InMobi, SGT Global, TCS, among others. In his last stint at Flipkart, he played an instrumental role in automating the entire cataloguing experience by leveraging hundreds of ML/AI models.


“We are redefining debt markets through our product-first approach. We have built a most comprehensive debt product suite under one marketplace, and we aim to expand our product offerings across each of our sub platforms in the near future, and are delighted to have Krishnendu in this mission-critical role. His deep domain expertise will help us elevate the operations of our current product portfolio while also driving the development of innovative new products to fuel further growth," said Gaurav Kumar, founder and CEO, CredAvenue.

“India has been underserved with respect to the availability of credit to the largest section of the population. With the democratisation of credit availability, India can truly aspire to become a $5 trillion economy. CredAvenue has also demonstrated immense potential to unlock significant economic growth by allowing easier credit accessibility which is aiding growth and aspiration of people," said Majumdar.

The firm has facilitated debt volumes of over Rs. 90,000 crores.