Sriram Venkataraman has stepped down as Chief Financial Officer of Flipkart, marking an important leadership change at a time when the company is preparing for its initial public offering (IPO).
The company said he will stay on for some time to help with a smooth transition, though it has not shared specific reasons for his decision to leave. His exit comes after nearly a decade at Flipkart, where he played a key role in building and managing the company’s financial operations.
During his time at Flipkart, Venkataraman held several senior roles and became CFO in 2018. He was closely involved in major business decisions and helped guide the company through rapid growth in India’s competitive e-commerce market.
Following his departure, Ravi Iyer, who currently handles finance for Flipkart’s marketplace business, is expected to take on broader responsibilities for now. The company may look for a permanent replacement in the coming months.
The timing of this leadership change is significant. Flipkart is actively working towards a public listing in India, which is expected to be one of the biggest IPOs in the country’s tech sector. As part of these preparations, the company has already shifted its holding structure from Singapore to India, a move seen as a key step for listing on local stock exchanges.
Flipkart, owned by Walmart, is one of India’s largest online retailers and a major competitor to Amazon. It has been steadily expanding its business while also focusing on improving profitability ahead of going public.
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