Top-Level Turmoil: Four Senior Leaders Quit Flipkart

Walmart-owned Flipkart has been going through a significant leadership transition amid ambitions for a public listing. According to reports, at least four executives have resigned from their posts, including three other VPs and a senior vice president (SVP).

Anurag Singhvi, VP and head of analytics; Prajakta Kanaglekar, VP and head of human resources; Ankit Jain, SVP and head of grocery and major supply chain; and Ganesh Ramaswamy, VP and chief product and technology officer at Cleartrip, have all reportedly left Flipkart.

According to the article, Jain is expected to take over as SVP of Swiggy Instamart, replacing Sairam Krishnamurthy, who is currently the chief operating officer of the fast commerce company.

Executives Left Without Any Future Plan

Jain worked with Flipkart till May 2025, according to his LinkedIn page. He began working for the Bengaluru-based company in 2019 and has held a variety of leadership positions for over five years.

He joined Flipkart from the massive FMCG company Unilever and has over 20 years of professional expertise. The future plans of Kanaglekar, Singhvi, and Ramaswamy—all of whom have worked for Flipkart for more than five years—are unclear.

According to the aforementioned report, people might try to start their own companies or develop startup concepts. The rumour that Jain will join Swiggy Instamart coincides with intense competition in the rapid commerce space and Flipkart's gradual ascent to prominence.

India’s Quick Commerce Space has Become the Centre of Attraction

According to Flipkart Minutes, the company has increased the number of its dark stores to 300 across over 14 cities, with aspirations to reach 800 by the end of 2025. With over 500 million users, it aims to provide Blinkit, Zepto, and Swiggy Instamart banking with fair competition.

At the conclusion of the March quarter, however, Swiggy Instamart had 1,021 dark stores overall, having added 316 in the fourth quarter of FY25 alone. Swiggy's ambitions to grow exponentially are having a negative financial impact.

 In Q4 of FY25, its consolidated net loss increased 95% year over year to INR 1,081.2 Cr. In addition, the fast commerce vertical of the foodtech giant recorded an adjusted EBITDA loss for Q4 FY25 of INR 840 Cr, up 45.3% from INR 578 Cr in the previous December quarter.

Nonetheless, the operating revenue of the rapid commerce vertical increased 19.5% from INR 576.5 Cr in Q3 to INR 689 Cr in Q4. Jeyandran Venugopal, the chief product and technology officer at Flipkart, also quit earlier this year, citing personal reasons.