Flipkart CFO Sriram Venkataraman exits ahead of IPO

Ahead of its planned public listing, Flipkart’s Group Chief Financial Officer Sriram Venkataraman has stepped down, the company said, marking a key leadership change as it advances IPO preparations.

Sriram will remain with the company for a transition period to ensure continuity and a smooth handover. During this time, Ravi Iyer will oversee the broader finance organisation.

Announcing the development, Group CEO Kalyan Krishnamurthy said, “Sriram has been a valued member of the leadership team and has played an important role in strengthening our finance organization over the years. We thank him for his contributions and wish him the very best for the future”.

The exit comes at a crucial time for Flipkart, which is working through structural changes ahead of its public market debut. The company had received approval from the National Company Law Tribunal in December to shift its domicile from Singapore to India, though it continues to await final clearance from the central government under Press Note 3 norms.

As part of the ongoing restructuring, several Singapore-based entities—including the parent company—will be merged into Flipkart Internet Private Limited. These include holding entities for businesses such as Myntra, Cleartrip, logistics arm Ekart, fintech platform Super.money and Flipkart Health.

Reflecting on his stint, Venkataraman said, “It has been a privilege to be part of Flipkart’s journey and to work alongside such a talented team. I am proud of what we have built together and wish the company continued success in the years ahead.”

Separately, Flipkart has appointed Nishant Verman as Senior Vice President, Corporate Development and Partnerships. He rejoins after building cross-border exports platform Bzaar and brings prior experience at Microsoft and Morgan Stanley.

The Walmart-owned firm has also begun early discussions with bankers including Goldman Sachs, Kotak Mahindra Capital, Morgan Stanley and JPMorgan to assess IPO feasibility. While still exploratory, a listing is expected by late 2026 or early 2027, with a significant portion likely to be a primary issue.

Published on March 20, 2026