Flipkart group CFO Sriram Venkataraman quits amid ecommerce major’s IPO plans

Flipkart’s group chief financial officer Sriram Venkataraman is stepping down, the Walmart-owned ecommerce company said in a statement on Friday.

The company has planned to go for an initial public offering (IPO) next year.

Venkatraman, a decade-long company veteran who joined in 2015, will exit over the coming quarters. Flipkart has not named a successor yet.


Flipkart group chief executive officer (CEO) Kalyan Krishnamurthy, in an email to employees on Friday announcing Venkataraman’s departure, wrote, “Sriram will remain with us for a period of time to help ensure transition and continuity. During this interim period, Sriram’s team will report to Ravi Iyer, CFO, Flipkart.”

“Our finance organisation remains strong, with experienced CFOs and other finance leaders across our businesses, supported by robust governance processes,” Krishnamurthy wrote. “. Our strategy, priorities and execution remain firmly on track.” ET has seen a copy of this email.

Venkatarman had joined Flipkart in 2015 as the finance head of the company’s commerce platform, after almost two decades at FMCG giant Unilever.

On Friday, Flipkart also announced the appointment of Nishant Verman as senior vice president to aid its IPO push. Verman will report to Iyer and will be responsible for corporate development, strategic partnerships and ventures and Flipkart’s IPO readiness. ET had first reported on March 9 about Verman's return to the company.

Verman was earlier part of Flipkart’s corporate development team and played a key role in the company’s $16 billion sale to Walmart in 2018, one of the largest deals in India’s startup ecosystem.

He was also involved in Flipkart’s $4 billion fundraise from SoftBank, Tencent, eBay, and Microsoft and led the company’s acquisitions of PhonePe, Jabong, and eBay India.

This is among the few SVP-level hires at Flipkart over the last year amid a broader pruning of its senior leadership under Krishnamurthy.

ET had reported in February that the ecommerce marketplace's SVP ranks were cut to less than a dozen from around 18 two years ago.

The company completed its reverse flip earlier this month, shifting its domicile from Singapore back to Bengaluru in a move towards its planned domestic listing.

Across its finance function, Flipkart has also made senior level hires, including Gunjan Bhartia and Vipin Kapooria.

Bhartia has joined as senior vice president of business finance. Kapooria, who returned to the company after a short stint as Eternal-owned Blinkit’s chief financial officer, has been appointed as vice president.

These developments come close on the heels of mass layoffs at the company following performance evaluations.

Flipkart has also been on a path of cutting down on losses. In fiscal 2025, Flipkart Internet, the marketplace arm of the company, reported revenues of Rs 20,493 crore, up 14% year-on-year, while its net losses fell by 37% to Rs 1,494 crore. However, Flipkart Internet's 14% growth rate in FY25 was slower than the 21% increase in operating revenue it saw in 2024, which was the second straight year of more than 20% growth.

In calendar year 2025, Flipkart clocked $30 billion in gross merchandise value (GMV), double from the $15 billion it recorded in 2020.