Flipkart makes executive changes as it prepares for IPO by end 2021

Flipkart is preparing for an Initial Public Offering (IPO) by the end of this year, amid a rush of tech companies going public globally. The company rejigged its board of directors in December bringing in four new members, including CEO Kalyan Krishnamurthy, HDFC CEO Keki Mistry, Walmart’s global chief technology officer Suresh Kumar and Walmart’s executive vice president for international strategy and development Leigh Hopkins.

It recently appointed Hemant Badri, Former Vice President-Global operations, Unilever, as its new Senior Vice-President. Similarly, Amitesh Jha, Senior Vice President, Flipkart was appointed the new head of the CDO (category design operations) and M3 (Marketing, Merchandising & Monetization). In this role, he will oversee the consumables, softlines, and customer and marketing charters/

The other major change in leadership includes Ranjith Boyanapalli , Head- Fintech and Payments Group, who will now also lead Customer Experience, Marketplace and the Central Liquidation Team (CLT).

The company is looking at going public by the end of 2021 or in 2022 at a prospective valuation of $40 billion, and has begun talking to investment banks Goldman Sachs and Morgan Stanley, etc.