There is a big churn within Flipkart. The e-commerce firm is seeing a wave of exits within its leadership team. At least four senior executives — including a Senior Vice President (SVP) and three Vice Presidents (VPs) — are moving on from Walmart-owned Flipkart, according to Moneycontrol sources.
Ankit Jain, Senior Vice President and Head of Grocery and Large Supply Chain, is quitting Flipkart to join Swiggy Instamart, one of Flipkart’s newest rivals. He will be replacing SVP and Chief Operating Officer (COO) Sairam Krishnamurthy at Swiggy Instamart.
Krishnamurthy, who joined Swiggy Instamart in August 2024, was the platform’s first COO. Before that, he spent over three years at More Retail, the Amazon-backed offline chain run in partnership with Samara Capital. He has also held leadership roles at Unilever and Hindustan Unilever Limited (HUL). It is not yet clear where he is headed next.
Prajakta Kanaglekar, VP of Human Resources (Technology); Anurag Singhvi, VP and Head of Analytics; and Ganesh Ramaswamy, VP at Flipkart and Chief Product and Technology Officer (CPTO) at Cleartrip, are also stepping down.
Singhvi has been associated with Flipkart the longest, having spent nearly 13 years at the e-commerce company. Jain, Ramaswamy, and Kanaglekar have each served the company for nearly six years.
Leadership changes: What’s the big trigger?
The moves come as Flipkart attempts to bring down its monthly cash burn from $40 million to $20 million ahead of a potential public listing.
Flipkart has not issued an official comment in response to queries regarding the high-profile exits.
The leadership change marks a significant moment for both Swiggy Instamart and Flipkart, as it comes at a time when Swiggy Instamart is stepping up its expansion plans and the Walmart-backed e-commerce firm is readying its quick delivery offering, Flipkart Minutes.
In the past few months, Swiggy has hired several Flipkart executives like Shalabh Shrivastava (former Flipkart VP, now SVP of Driver Org at Swiggy), Hari Kumar G (former Flipkart VP, now Swiggy SVP and CBO for Swiggy Instamart), among others.