Flipkart sees senior leadership exodus as quick commerce battle heats up: Report

Among those leaving are Ankit Jain, Senior Vice President (SVP) overseeing grocery and large supply chain operations; Prajakta Kanaglekar, Vice President (VP) of HR for technology functions; Anurag Singhvi, VP and head of analytics; and Ganesh Ramaswamy, VP at Flipkart and Chief Product and Technology Officer at Cleartrip, a Flipkart-owned travel platform.

Jain is set to join rival Swiggy Instamart as SVP, replacing outgoing Chief Operating Officer Sairam Krishnamurthy, according to the report.

Krishnamurthy had joined Swiggy in August 2024 after a stint at Amazon-backed More Retail.

Jain will work closely with Swiggy Instamart CEO Amitesh Jha, a former Flipkart colleague.

The move comes as Flipkart gears up to expand its own quick commerce service, Flipkart Minutes, in a market already crowded by players such as Blinkit, Zepto, and Swiggy.

The destinations of the other three executives remain unclear, though the report notes some may consider launching their own ventures.

The reported exits are part of a leadership churn at Flipkart, with several executives including Ravi Vijayraghavan, Harsh Chaudhary, Sandeep Karwa, and Mayur Datar having exited in recent months.

Moneycontrol also reported that Flipkart’s board, including parent company Walmart, has asked CEO Kalyan Krishnamurthy to reduce the company’s monthly cash burn from $40 million to $20 million as it targets improved financial performance ahead of a potential IPO.