Flipkart Senior Leadership Churn Deepens As Two More VPs Quit Amid IPO Delay

Two more vice presidents have resigned from Flipkart, taking the number of senior leadership departures at the Walmart-backed e-commerce company to at least four in roughly 10 days. The exits come as Flipkart is reportedly considering a further delay to its long-awaited initial public offering (IPO).

Prathyusha Agarwal, vice president and head of strategy, and Aakriti Chandra, vice president overseeing talent recruitment for businesses including Minutes, Ekart and Customer Experience, have resigned and are set to leave the company, according to people familiar with the developments, as reported by Moneycontrol.

Agarwal had earlier headed Shopsy, Flipkart's social commerce platform, before taking on the broader strategy role. She joined Flipkart a little over two years ago after serving as chief business officer at Byju's.

Chandra joined Flipkart around six years ago after spending 17 years at Hindustan Unilever. Flipkart has not responded to Moneycontrol's queries regarding the latest departures.

The two exits follow the resignations of Gunjan Bhartia, senior vice president of business finance, and Amer Hussain, vice president of supply chain for Grocery and Minutes, which Moneycontrol reported around 10 days earlier.

Flipkart's IPO Plans Under Scrutiny

The latest leadership changes come as Flipkart's IPO timeline remains uncertain. Moneycontrol reported that discussions are underway on potentially pushing back the listing plans further, with parent company Walmart prioritising profitability.

Flipkart continues to invest in newer businesses even as it prepares for greater scrutiny around its financial performance ahead of a potential public listing.

Its quick-commerce arm, Minutes, has crossed 1 million daily orders and operates more than 1,000 micro-fulfilment centres. The company is targeting 1,500 centres as competition intensifies with Blinkit, Zepto and Swiggy Instamart.

The company is also preparing to enter food delivery through a pilot on the Open Network for Digital Commerce (ONDC). The move would put the company in another high-frequency consumer segment alongside Swiggy and Zomato.

Senior Leadership Churn Across Flipkart Group

The latest resignations add to several senior-level changes across the Flipkart Group in recent months.

At Myntra, CEO Nandita Sinha stepped down, with Sharon Pais taking over as head of the fashion e-commerce business. Sinha later joined Swiggy Instamart.

Another Flipkart veteran, Ankit Jain, also moved to Swiggy Instamart as senior vice president of operations. Separately, Flipkart Group CFO Sriram Venkatraman stepped down from his role.

The company also asked around 300 employees to leave in March as part of its annual performance review process, according to Moneycontrol. The move came as Flipkart prepared for greater scrutiny ahead of a potential public listing.

The latest exits add to the leadership changes at Flipkart as the company continues to expand its newer businesses while working towards profitability and evaluating the timing of its IPO.

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