At least four top senior executives, including a senior vice president (SVP) and three vice presidents (VPs), have resigned their positions and are in the process of moving on from Walmart-owned Flipkart, sources told Moneycontrol.
At Flipkart, Ankit Jain, SVP, head of grocery and large supply chain; Prajakta Kanaglekar, VP, human resources (HR) (technology), Anurag Singhvi, VP, head of analytics, and Ganesh Ramaswamy, VP (Flipkart) and chief product and technology officer (CPTO), Cleartrip, quit and are moving out, sources said.
Singhvi has been associated with Flipkart for the longest, spending nearly 13 years with the e-commerce company. Jain, Ramaswamy and Kanaglekar were each with Flipkart for nearly six years.
Flipkart did not reply to Moneycontrol’s queries.
Ankit Jain heads to Swiggy Instamart
Jain is joining Swiggy Instamart, one of Flipkart’s newest rivals, sources told Moneycontrol.
“Ankit will join as SVP of Instamart, replacing SVP and chief operating officer (COO) Sairam Krishnamurthy,” a second source said.
Krishnamurthy was Swiggy Instamart’s first COO and has joined the company in August 2024 after spending three-and-a-half years at More Retail, an Amazon company (through a joint venture with Samara Capital) that runs a chain of offline retail stores.
Before that, he spent several years at Unilever and Hindustan Unilever Limited (HUL).
Jain is set to work closely with Swiggy Instamart CEO Amitesh Jha, who was his colleague at Flipkart until August 2024.
Key leaders switching from Flipkart to Swiggy Instamart comes at a time when the quick commerce wars are heating up and Flipkart Minutes is preparing to compete more closely with Swiggy Instamart, Eternal’s Blinkit, Zepto and others.
Swiggy, too, did not reply to Moneycontrol’s queries.
It was not immediately clear where Kanaglekar, Singhvi and Ramaswamy are headed. It is also likely that they look to start up and build own businesses.
Other exits at Flipkart
Jain, Kanaglekar, Singhvi and Ramaswamy join a growing list of leaders who have left Flipkart over the past months.
According to reports, Ravi Vijayraghavan, SVP; Harsh Chaudhary, VP; Sandeep Karwa, VP, and Mayur Datar, VP, have all exited Flipkart in the past few months.
Moneycontrol reported earlier that Flipkart’s board, including parent Walmart, had asked CEO Kalyan Krishnamurthy to cut monthly cash burn from $40 million to $20 million, as the firm looks to improve its bottomline and prepares for market debut.
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