Walmart-owned, e-commerce major, Flipkart is witnessing a string of high-profile executive exits. Sources said that at least four senior leaders, including a senior vice president and three vice presidents, have stepped down from their roles in recent weeks, signaling deep churn within the company’s top brass amid mounting competitive and financial pressures.
Among those departing is Ankit Jain, senior vice president and head of grocery and large supply chain, who is set to join rival Swiggy Instamart. Jain will take over as SVP at Instamart, replacing Sairam Krishnamurthy, who had joined the food and grocery delivery platform in August 2024 after a stint at More Retail. Jain will work alongside Instamart CEO Amitesh Jha, a former Flipkart executive.
Joining Jain in exiting Flipkart are Prajakta Kanaglekar, VP of HR for the tech division; Anurag Singhvi, VP and head of analytics; and Ganesh Ramaswamy, VP at Flipkart and chief product and technology officer at Cleartrip, Flipkart’s travel subsidiary. While Jain’s next move is clear, the career paths of the other three remain uncertain, though sources suggest they may explore entrepreneurial opportunities.
Flipkart did not reply to queries on the matter.
Notably, Singhvi had been one of the longest-serving members among the group, with a tenure of nearly 13 years. The others had each spent close to six years at Flipkart. These departures add to a growing list of exits in recent months, including SVP Ravi Vijayraghavan and VPs Harsh Chaudhary, Sandeep Karwa, and Mayur Datar.
The timing of these exits coincides with Flipkart’s internal restructuring efforts as it looks to trim operational costs. The board, including representatives from Walmart, has reportedly asked CEO Kalyan Krishnamurthy to halve the company’s monthly cash burn, from $40 million to $20 million, as it works to strengthen its balance sheet before going public.
Meanwhile, Flipkart’s quick commerce arm, Minutes, which had started off with aggressive discounting and rapid expansion, is now adopting a more measured strategy. While its dark store count currently stands at 300 across 14 cities, the target of 800 by year-end may be scaled down in favour of densifying existing locations. This mirrors similar approaches being adopted by Zepto and Swiggy Instamart, even as Blinkit continues with rapid expansion.
Sources said that with key leadership changes and increased caution in spending, Flipkart appears to be recalibrating both its talent strategy and market focus ahead of its IPO.