Flipkart eyes US listing in 2023 as it promotes leaders to newer roles

01 June 2022, Mumbai:

Flipkart has promoted several of its leaders into newer roles as the Walmart-owned e-commerce giant aims to get listed on the US stock exchange in 2023, as per *a report by Business Standard.

The firm has internally raised its IPO (initial public offering) valuation target to about $60 billion. According to the report, Guddeti Bharath Reddy who joined Flipkart in July 2015 as the head of eKart IT has been promoted as the new Senior Vice President.

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Similarly, Bharath Ram, Head, OneTech has also been promoted to the role of Senior Vice President. Over the years, Ram has led product, design, engineering and data science for user growth and retention as well as social commerce platform Shopsy and Flipkart Grocery.

Meanwhile, Prajakta Kanaglekarm, Head, HR, Supply Chain has been promoted to the rank of Vice President.

Sridhar Govardhan who joined in 2019 as Senior Director for the CISO org has been promoted to Vice President.

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He has been responsible for improving the NIST Cybersecurity Framework (CSF) maturity score for Flipkart and has worked across several internal functions to execute the fairly elaborate and complex security 2.0 programme successfully, noted BS. Also, Shalabh Shrivastava who has varied charters such as customer experience (strategy and design) 3PL and non-large city logistics and the large and furniture supply chain organisation has been promoted as a Vice President.

Last year, Flipkart Group raised $3.6 billion, including from SoftBank, which had exited the firm, valuing the company at $37.6 billion, which was more than a 50 percent rise in a year.

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CREDITS: * Business Standard report.