Walmart-owned Flipkart names Ravi Iyer as new CFO

Ravi Iyer, new Flipkart CFO

Walmart-owned e-commerce major Flipkart has named Ravi Iyer, Senior Vice President - Corporate Business Unit, as its new chief financial officer (CFO), an internal mail, reviewed by Moneycontrol, showed.

Iyer will take on Marketplace CFO duties in addition to his current charter of Corporate Development, Group Finance Planning and Analysis (FP&A), Investor Relations and the CEO's office, the mail showed.

“As part of his additional responsibilities, he will work closely with leaders across all the functions and business units and will continue to report to me,” Sriram Venkataraman wrote in the internal memo.

The move, effective immediately, comes as Flipkart works towards strengthening its finance leadership and fostering deeper partnerships across the organisation to achieve its priorities for the year, Venkataraman's mail added.

Venkataraman will continue to be CFO of Flipkart Group. Sakait Chaudhary was Flipkart marketplace CFO and was then promoted to become the marketplace lead. Since then, the position of marketplace CFO position, which was vacant, was managed by Venkataraman along with his group CFO responsibilities.

Flipkart did not immediately respond to Moneycontrol’s queries.

As part of the change, Kannan Ganesan, VP – Business Finance Head, Amit Sood, Business Finance Head – eKart and Ashish Surana, Lead – FP&A, Flipkart will now report to Iyer, effective immediately.

Iyer has been with Flipkart for over 11 years and his boss, Venkataraman, has spent nearly a decade at Flipkart.

The changes at Flipkart comes amid increasing competitive intensity in the e-commerce and quick commerce space. The move comes as Flipkart prepares to move its domicile from Singapore to India ahead of a planned IPO.