Flipkart's senior leadership reshuffle has widened, with vice presidents Prathyusha Agarwal and Aakriti Chandra resigning from the e-commerce company, according to a Moneycontrol report.
Their departures bring the number of senior executives to have exited Flipkart to at least four in around 10 days, adding to a series of leadership changes as the Walmart-owned company weighs the timing of its proposed initial public offering.
Agarwal, who served as Flipkart's vice president and head of strategy, had previously led Shopsy, the company's social commerce platform. She joined Flipkart more than two years ago after serving as chief business officer at Byju's.
Chandra, meanwhile, was responsible for talent recruitment across several Flipkart businesses, including Flipkart Minutes, Ekart and customer experience. She had spent about six years with the company following a 17-year stint at Hindustan Unilever.
The latest departures follow the exits of Gunjan Bhartia, senior vice president of business finance, and Amer Hussain, vice president of supply chain for Grocery and Minutes.
The churn comes after several other senior-level changes in recent months. Myntra CEO Nandita Sinha left the company and was succeeded by Sharon Pais, while Flipkart Group CFO Sriram Venkatraman also stepped down.
The leadership changes come as Flipkart balances expansion into newer businesses with increasing pressure to strengthen its financial performance ahead of a potential public listing. Reports have indicated that discussions are underway over whether the company's IPO should be delayed, with Walmart seeking greater profitability before moving ahead with the listing.
At the same time, Flipkart continues to expand beyond its core e-commerce business.
Its quick-commerce arm, Flipkart Minutes, has crossed 1 million daily orders and operates about 1,000 micro-fulfilment centres, according to the report. The company is targeting 1,500 centres as it expands the business.
Flipkart is also preparing to test food delivery through a pilot on the Open Network for Digital Commerce, a move that could bring it into competition with established players such as Swiggy and Zomato.
The company also reduced its workforce earlier this year, asking about 300 employees to leave during its annual performance review.
The combination of leadership departures, cost pressures and expansion into quick commerce and food delivery underscores the challenge facing Flipkart as it pursues growth while working towards the profitability expected of a company preparing for the public markets.