Walmart-owned Flipkart's Group CFO to Step Down Amid Planned IPO Preparations

Flipkart Announces CFO Transition Ahead of Planned IPO

On March 20, Flipkart, a leading e-commerce major, announced that Sriram Venkatraman is stepping down as group chief financial officer (CFO) ahead of the company's planned initial public offering (IPO).

Venkatraman, who joined Flipkart in 2015 and has held multiple roles, including leading the group's finance function since 2018, will remain with the company for a period of time to ensure continuity and a smooth transition. He is being replaced by Ravi Iyer, a long-time Flipkart employee who has been with the company since 2014 and was most recently CFO, Flipkart, the marketplace arm.

Iyer will oversee the broader finance organization, as announced by Kalyan Krishnamurthy, group CEO, Flipkart. Krishnamurthy has expressed gratitude to Venkatraman for his contributions and wished him the very best for the future.

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This development comes ahead of Flipkart's plans to list on the Indian stock exchanges, with Krishnamurthy initiating preliminary discussions with select investment banks, including Goldman Sachs, Kotak Mahindra Capital, Morgan Stanley, and JP Morgan, to assess the feasibility of the proposed IPO.

While the size of the IPO is yet to be determined, a launch can be expected by December 2026 or early 2027, with a significant part of the issue likely to be primary in nature.

Key Figures:

• Sriram Venkatraman: Group CFO (2018-2024)
• Ravi Iyer: CFO, Flipkart, the marketplace arm (2025-present)
• Kalyan Krishnamurthy: Group CEO, Flipkart
• Goldman Sachs, Kotak Mahindra Capital, Morgan Stanley, JP Morgan: Investment banks in preliminary discussions with Flipkart

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