Flipkart’s Group CFO Sriram Venkatarama resigns ahead of planned IPO in India

Flipkart’s group chief financial officer Sriram Venkataraman has resigned from his post, the e-commerce giant said on Friday, adding that Flipkart CFO Ravi Iyer will oversee its operations in the meantime.

The announcement comes ahead of the Walmart-backed company’s planned IPO in India.

Venkataraman, who has been with Flipkart for over a decade, will leave the company in the next few months. The senior executive’s successor has not yet been determined.

“Sriram will remain with the company for a period of time to ensure continuity and a smooth transition. During this period, Flipkart CFO Ravi Iyer will oversee the broader finance organization,” the company said.

Along with Venkataraman’s departure, Flipkart has also brought Nishant Verman into the leadership team as Senior Vice President of Corporate Development and Partnerships.