Rathi is returning to Flipkart after 12 years. In between, he worked at its parent Walmart, Snapdeal, and Swiggy, where he spent over seven years and exited as SVP, revenue and growth. He had joined Jupiter in September last year.
Cleartrip has been without a chief executive since the departure of Flipkart veteran Ayyappan R. His exit was followed by that of chief financial officer (CFO) Aditya Agarwal.
Meanwhile, Singh and Mehrotra’s imminent exits come amid a wider shift in senior management at the ecommerce major that has been going on for a few months now. Sandeep Karwa will be the new head of advertising after Singh leaves, ET reported on February 20. Singh joined Flipkart in late 2022, while Mehrotra was with Flipkart for over eight years.
While news portal The Arc first reported on Rathi’s appointment, Moneycontrol first reported on Singh and Mehrotra’s departures. Flipkart did not immediately reply to requests for comment on the management changes.
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In February, ET reported that the top deck at Flipkart and its group of companies was seeing a flurry of exits, with Amitesh Jha who leads marketplace and categories, fintech and payments head Dheeraj A, and Bharath Ram, who spearheads growth and retention, leaving the company. In January, ET reported that Flipkart was undertaking performance-based trimming across all verticals, including vice presidents in engineering and product, leading to 5-7% of the company’s employees getting impacted by layoffs.
The firm has been focused on achieving profitability and fighting new challenges like the rise of quick commerce firms, even as it prepares for a possible public listing. Senior executives at parent firm Walmart on May 16 said they were evaluating the right time to take the Indian ecommerce firm public.
ET reported on May 13 that Flipkart was preparing to shift its domicile back from Singapore to India. The move is linked to its eventual goal of an initial public offering (IPO).
