Few months before it morphs into an app-only venture, the country's largest e-commerce company Flipkart is seeing top-level exits.
Amod Malviya, chief technology officer of Flipkart has quit his full-time position with the company to be a part of its newly created advisory board. Sameer Nigam, who headed engineering, has resigned from the Bangalore-based company.
The development was first reported by The Economic Times newspaper. Flipkart did not respond to a Techcircle.in query till the time of writing this report.
Nigam is said to be leaving Flipkart to pursue entrepreneurial ambitions. Nigam had joined Flipkart in 2011 after the company acquired Mime360, a digital distribution platform solution he had founded.
Malviya, who was the company's CTO since 2010, joins Unilever executive Sudhir Sitapati as the second advisory board member for Flipkart's commerce platform. The company is yet to identify two more members for the four-member advisory board, which is being constituted to accelerate growth at Flipkart's commerce platform.
In November last year, the online shopping giant had shuffled its top deck, handing over the responsibilities of running the e-commerce business to Mukesh Bansal, the co-founder and CEO of Myntra.
Myntra was acquired by Flipkart last year.
Bansal is also responsible for categories like computers and consumer electronics. He is also involved with the company’s private label brands (like in-house tablet brand DigiFlip). Co-founders Sachin Bansal and Binny Bansal (not related) are said to be more involved in newer areas of business.
The senior management changes at Flipkart come at a time when the company is preparing to adopt an app-only approach by phasing out its web presence. Two months ago Myntra had morphed into an app only player.
Flipkart has 45 million registered users. The company aims to more than double the gross merchandise value (GMV) on its platform to $8 billion this year. Flipkart, which is backed by Tiger Global Management, Accel Partners and others, raised $2 billion in 2014-15. The company was valued at $11 billion in the last round of funding. Leave Your Comment