E-commerce behemoth Walmart-owned Flipkart is undergoing a mega reshuffle at its top management level. Reportedly, the current Senior Vice President (SVP) of the company and Head of New Businesses, including Shopsy, Cleartrip, and ReCommerce, Adarsh Menon is believed to leaving the company.
Menon has been in his current position for about ten months. According to his LinkedIn profile, he has been associated with Flipkart for more than eight years.
Along with Menon, a flurry of employees have left Walmart’s retail operation. It’s also rumoured that two additional senior executives will leave Flipkart. After nearly nine years with the company, Chanakya Gupta, the Vice President (VP) of Strategic Partnerships and D2C Brand Accelerator (Flipkart Boost), is reportedly leaving. Before taking on his current role, Gupta served as VP and Head of Private Brands, and prior to joining Flipkart, he spent roughly nine years working for Hindustan Unilever Ltd (HUL).
SVP Ravish Kumar Sinha, a further senior executive, is rumoured to be leaving Flipkart. The Central Functions Group and the Fulfilment Service Group were both led by Sinha. He was also in charge of fostering growth and improving the customer experience. According to his LinkedIn profile, Sinha spent more than 13 years at Yahoo before joining Flipkart. It’s interesting to note that after eight years with the retail behemoth, Sinha, Gupta, and Menon are all leaving Flipkart. It’s unclear what they will do next.
Utkarsh B, the company’s chief architect, left Flipkart in April after working there for more than ten years. From Amazon, he joined in December 2010. Ranjith Boyanapalli also left Flipkart in December 2021 to launch his own business, Flash.
In an effort to retain talent, Flipkart recently announced that it would buy back employee stock options (ESOP) from staff members valued at about $700 million as part of its plan to segregate full ownership of payments and financial services unicorn PhonePe. As was previously reported, the estimated total value of the buyback was $700 million.
The Indian e-commerce marketplace is gaining from infrastructure investments made in the last three years, according to the US-based retail major that owns Flipkart, and it is also benefiting from India’s promising economic outlook.
