Cleartrip CFO Aditya Agarwal steps down as top-level shakeup continues

Travel booking site Cleartrip’s chief financial officer (CFO) Aditya Agarwal is stepping down from his position, the firm said in a statement, as a shakeup in the senior management of Flipkart and its immediate subsidiaries continues.

Agarwal’s exit follows that of former chief executive Ayyappan R, who was a Flipkart veteran and had also served in its fashion subsidiary Myntra. In a LinkedIn post, Ayyappan had said he was leaving the firm to start his own venture in the consumer tech space.

Agarwal is being succeeded by Akshat Mishra, who will take over as head of business finance. Mishra has been at Flipkart since 2015 when he joined after a stint at Goldman Sachs. Agarwal will remain with Cleartrip for a few months during the transition, the statement added.


The outgoing CFO had been at Cleartrip since 2016, when he joined the firm as head of corporate development after a stint with private equity firm Texas Pacific Group. Agarwal also “played a pivotal role during the successful merger and subsequent integration of Cleartrip into the Flipkart Group,” the firm said in a statement on his exit. Flipkart acquired Cleartrip in 2021.

Agarwal “made significant contributions across multiple roles, serving as CFO since 2020, and previously as head of corporate strategy and M&A,” it added.

In February, ET reported that the top deck at Flipkart and its group of companies was seeing a number of changes, with Ayyappan, Amitesh Jha who leads marketplace and categories, fintech and payments head Dheeraj A, and Bharath Ram, who spearheads growth and retention at the web retailer, all set to leave the company.

The firm has been undertaking performance-based trimming across all verticals, including vice presidents in engineering and product, over the past few months. Overall, 5-7% of the company’s employees will be impacted by the layoffs, as ET had first reported on January 8.

In FY23, Cleartrip saw its total loss widen almost twofold from a year ago to Rs 676.6 crore, while total income declined 17% to Rs 96.7 crore.