Flipkart struggles; CFO Sanjay Baweja quits

At times when Flipkart is trying to raise another round of funds from biggies like Walmart, the team had a major setback with its Chief Financial Officer Sanjay Baweja sending his resignation papers. Baweja joined Flipkart two years ago and was looking after the financial initiatives including fund raising. Sources say, Kalyan Krishnamurthy, head of category management at Flipkart, is likely to be the interim CFO.

For the past few months, Flipkart is seeing a major change in its management team. Legal head Rajinder Sharma quit in July, Myntra’s founder and Flipkart’s commerce platform head Mukesh Bansal left earlier this year, along with Ankit Nagori and former Google executive Punit Soni. The firm has also sacked some 1000 employees earlier this year.