Venkatraman, who joined the e-commerce major in 2015, he has been reducing operational involvement over the past six months or so, sources told .
Sriram Venkatraman is stepping down from his position as group chief financial officer (CFO) at Flipkart ahead of the company’s planned initial public offering (IPO), the e-commerce major announced on March 20.
Venkatraman, who joined the e-commerce major in 2015, and has held multiple roles, was leading the group’s finance function since 2018. However, he has been reducing operational involvement over the past six months or so, per sources.
He passes on the baton to another Flipkart long-timer.
Ravi Iyer, who has been with the company since 2014 and was most recently CFO, Flipkart, will oversee the broader finance organisation, Flipkart announced.
“Sriram has been a valued member of the leadership team and has played an important role in strengthening our finance organisation over the years. We thank him for his contributions and wish him the very best for the future,” Kalyan Krishnamurthy, group CEO, Flipkart said.
Venkatraman will remain with Flipkart for a period of time to ensure continuity and a smooth transition.
These developments are important as they come just ahead of Flipkart’s plans to list on the Indian stock exchanges.
Group CEO Kalyan Krishnamurthy has initiated preliminary discussions with select investment banks as the e-commerce major gears up for one of the most eagerly anticipated listings in India Inc.
Flipkart has started selectively engaging with a few firms including Goldman Sachs, Kotak Mahindra Capital, Morgan Stanley, JP Morgan among others, to assess the feasibility of the proposed initial public offer (IPO).
However, talks are still in the exploratory stage where the demand levels, kind of investors and appetite for such a big deal will be assessed.
While the size of the IPO is yet to be determined a launch can be expected by 2026 end or early 2027, and a significant part of the issue is likely to be primary in nature.
Disclaimer: Moneywealth research provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
SEBI registered research analyst
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