This adds to senior-level exits from last year as part of a broader restructuring at the organization, leading to several CXO-level departures at the Walmart-owned firm.
Venugopal oversaw key functions spanning product management, engineering, design, user research, data science, product operations, and platform growth. He also played a critical role in Myntra’s platform overhaul and innovation in customer experience during his early years at Flipkart.
“Jey and I will partner to ensure a smooth transition over the next three months. During that time, we will provide more details regarding the people and organization restructuring and the backfill plans,” Krishnamurthy said in his note to staff.
Sources said Venugopal’s role is likely to be filled by existing leaders at the organization over the coming weeks.
Flipkart didn’t immediately respond to ET’s query on the matter.
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“During his initial years with the group, he was instrumental in revamping Myntra’s platform and improving customer experience and innovation. Subsequently, at Flipkart, he has driven several emerging technology and product-led innovations, significantly enhancing our platform’s resilience, scale, and architecture, anchoring several strategic partnerships, and serving on several internal and external boards representing Flipkart in critical and strategic forums,” Krishnamurthy’s note said. “In addition, Jey has built a strong technology leadership team and has hired, mentored, and groomed several senior technology leaders in the company.”
ET reported last December that the online retailer has begun work on an IPO in the next 12-18 months after securing internal approvals for a reverse merger between its India and Singapore entities to move domicile to India.