Flipkart CFO Sriram Venkataraman to step down ahead of planned IPO; Nishant Verman rejoins as SVP

Walmart-backed e-commerce firm Flipkart said on Friday its Group Chief Financial Officer Sriram Venkataraman will step down from his role.

Venkataraman will remain with the company “for a period of time” to ensure continuity and a smooth transition, Flipkart said in a statement.

“Sriram has been a valued member of the leadership team and has played an important role in strengthening our finance organisation over the years. We thank him for his contributions and wish him the very best for the future,” Group Chief Executive Kalyan Krishnamurthy said.

The announcement comes ahead of the company’s planned initial public offering (IPO).

During the interim, Ravi Iyer, CFO of Flipkart, will oversee the broader finance organisation, the company said.

Flipkart also announced that Nishant Verman will rejoin the company as Senior Vice President for Corporate Development and Partnerships, after a stint with his cross-border exports startup Bzaar.

Verman has previously worked with Microsoft’s corporate development team and in technology investment banking at Morgan Stanley.

Founded in 2007, the Flipkart Group includes businesses such as its core marketplace, fashion platform Myntra, wholesale arm Flipkart Wholesale, travel platform Cleartrip and fintech venture super.money.

The management changes come as Flipkart steps up early preparations for a potential stock market debut.

The company has initiated preliminary discussions with a select group of investment banks, including Goldman Sachs, Kotak Mahindra Capital, Morgan Stanley and JPMorgan, according to a report by Moneycontrol.

Those talks remain at an exploratory stage, focusing on investor appetite, deal size and timing, the report said.

While the size of the offering has not been finalised, the IPO could be launched by the end of 2026 or early 2027.