Jeyandran Venugopal, the Chief Product and Technology Officer at Flipkart, is poised to depart from the company following an eight-year career, as indicated by an internal memo from CEO Kalyan Krishnamurthy’s office, which ET has reviewed.
Alongside him, Sandeep Karwa, a vice-president at Flipkart, is also leaving, as he announced on his LinkedIn profile. Karwa dedicated nearly 13 years to Flipkart in various capacities.
This marks an addition to the list of high-level exits Flipkart has experienced since the previous year amid a comprehensive restructuring within the Walmart-owned e-commerce entity.
Venugopal managed critical areas including product management, engineering, design, user research, data science, product operations, and platform development. In his early years with the company, he played a pivotal role in the renovation of Myntra’s platform and enhancement of customer experience for Flipkart’s fashion portal.
“Jey and I will collaborate to ensure a seamless transition over the next three months. During this period, we will share more information regarding the restructuring of personnel and organizations and the plans for backfilling numerous roles,” Krishnamurthy mentioned in his communication to the team.
A spokesperson for Flipkart confirmed Venugopal’s departure.
Insiders revealed that Venugopal’s position will likely be filled by current executives within the organization in the upcoming weeks.
“During his initial tenure with the group, he played a crucial role in updating Myntra’s platform and enhancing customer experience and innovation. Later, at Flipkart, he spearheaded numerous technology and product-driven innovations, greatly improving our platform’s resilience, scalability, and architecture while anchoring various strategic partnerships and representing Flipkart on multiple internal and external boards in significant forums,” the note from Krishnamurthy detailed. “Moreover, Jey has established a robust technology leadership team and has recruited, mentored, and developed several senior technology leaders within the company.”
ET reported last December that the online retail giant had commenced preparations for an initial public offering within the next 12-18 months, after obtaining internal approvals for a reverse merger between its entities in India and Singapore to relocate the domicile to India.
