People · Commerce & Consumer Brands

Flipkart CFO steps down, interim CFO named

By Startup Enthusiast · 20 March 2026

What they do

Flipkart runs an online marketplace selling mobiles, electronics, furniture, grocery, lifestyle, books and more

CFO Sriram Venkaraman is stepping down after nearly 10 years; Ravi Iyer becomes interim CFO, and Nishant Verman is appointed SVP

The leadership changes come as Flipkart redomiciled to India and is exploring a public listing with investment banks

Sriram Venkaraman is stepping down as CFO of Flipkart after nearly 15 years with the company.
Ravi Iyer has been elevated to interim CFO; he joined as senior director of business finance in 2014.
Nishant Verman has been re-appointed SVP of corporate development and partnerships; he was VP for almost six years and left in 2020.
Nishant Verman has been appointed, not re-appointed.
The final government approval for the reverse flip came in February.
Flipkart is in talks with Goldman Sachs, Kotak Mahindra Capital, Morgan Stanley, and JP Morgan for a public offering feasibility study.

The leadership changes come as Flipkart prepares for a potential IPO (initial public offering, when a company first sells shares to the public).
The redomiciling to India simplifies the corporate structure for an Indian listing.
The CFO transition is a key step in readying the company for public markets.
The revenue growth and narrowing losses may support a listing plan.

Flipkart operates an online shopping site for mobiles, electronics, furniture, grocery, lifestyle, books and more.