Flipkart executive Prakash Sikaria to build in-house credit startup for ecommerce group

In an interesting turn of events, Flipkart’s senior vice-president Prakash Sikaria, who was slated to leave the ecommerce firm to float a startup, is staying back and will set up a new business venture within the group, multiple people aware of the development said.

The new business by Sikaria within Flipkart will focus on building a credit marketplace, they told ET.