CFO of Flipkart, Sanjat Baweja is quitting the company after the two year journey in the E-commerce website. There are many other officials in the company that are set to roll out of the company after a few months.
The CFO will continue to work for a short period of time till another head rolls on the floor of the company. India will continue to be the most important destination for e-commerce for some time and until the space gets consolidated with foreign players tying up with existing majors in the country, this churn as seen with the CFO leaving Flipkart will continue.
Ankur Bisen, Senior Vice President of the Retail and Consumer Products division at Technopak Advisors said “What is important to watch out for is if these movements impact the business.”