Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant as it aims for a US listing in 2023, a report by Business Standard stated. The firm has internally raised its IPO (initial public offering) valuation target to about $60 billion, sources told BS.
“I am delighted to announce the promotion of some of our exemplary leaders,” said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, quoted Business Standard.
“Each of them has been instrumental in delivering impact and creating long-term value for Flipkart. They truly embody our core values and are well known for their thought leadership,” Krishnamurthy added.
According to the report, Guddeti Bharath Reddy who joined Flipkart in July 2015 as the head of eKart IT has been promoted to the role of senior vice president (SVP).
Another leader Bharath Ram who joined Flipkart in March 2020 to lead the user acquisition and retention organisation in OneTech has also been promoted to the role of SVP position, added the report. Over the years, Ram has led product, design, engineering and data science for user growth and retention as well as social commerce platform Shopsy and Flipkart Grocery, the report informed, further noting that he has also delivered a high impact towards Flipkart’s business growth.
Meanwhile, Prajakta Kanaglekar who joined Flipkart in July 2019 to lead the organisation and talent development charter, having recently moved to lead HR for the supply chain function has been promoted to vice president (VP) designation, stated BS.
Further, Sarah Vanita Gideon who joined the firm in 2019 to lead external communications for the Flipkart Group has also been elevated to the VP role, it added. Over the last two years, she has built and led an effective team effort towards ensuing an integrated communications approach for the company and has also taken over the additional responsibility of leading internal communications, BS said.
Sridhar Govardhan who joined in 2019 as senior director for the CISO org and has been pivotal in strategising and designing the information security roadmap for Flipkart has been promoted to the role of VP. He has been instrumental in improving the NIST Cybersecurity Framework (CSF) maturity score for Flipkart and has worked across several internal functions to execute the fairly elaborate and complex security 2.0 programme successfully, noted BS.
Also, Shalabh Shrivastava who joined Flipkart in 2014 and has varied charters such as customer experience (strategy and design) 3PL and non-large city logistics and the large and furniture supply chain organisation has been promoted as a VP. Ganesh M Ramaswamy has also been promoted to the VP role. He joined the company in 2019 to lead the engineering charter for core logistics (CL) and Jeeves where he drove multiple critical projects such as payments and fake detection improvements, said the report.
Last year, Flipkart Group raised $3.6 billion, including from SoftBank, which had exited the firm, valuing the company at $37.6 billion, which was more than a 50 percent rise in a year.