Walmart‑owned Flipkart has announced the elevation of Ravi Iyer, a seasoned executive with over 11 years at the company, to the role of Marketplace Chief Financial Officer (CFO). This strategic appointment marks a significant step in enhancing Flipkart’s financial oversight and operational cohesion amid its ongoing growth trajectory
Key Highlights
- New responsibilities
Ravi Iyer will assume the role of Marketplace CFO effective immediately, while continuing to oversee Corporate Business Unit, group Financial Planning & Analysis (FP&A), investor relations, and the CEO’s office - Leadership reshuffle
The position was vacant after Sakait Chaudhary’s promotion to marketplace lead. During this interim period, Sriram Venkataraman, Flipkart Group CFO, managed both group and marketplace finance portfolios - Internal memo highlights
In a communication reviewed by Moneycontrol, Group CFO Venkataraman emphasized that Iyer will “work closely with leaders across all functions and business units” and will report directly to him - Team realignment
Three senior finance leaders—Kannan Ganesan (VP, Business Finance), Amit Sood (Business Finance – eKart), and Ashish Surana (FP&A lead)—will now report to Iyer, consolidating marketplace financial operations under his leadership - Timing and context
This restructuring coincides with Flipkart’s strategic initiative to transfer its legal domicile from Singapore to India and to gear up for an eventual IPO
Expert Insight
- At the heart of finance: Ravi Iyer’s deep experience in corporate development, FP&A, and investor relations positions him well to steer marketplace financial strategy, fostering unity across operational units.
- Strengthening structure: Assigning senior finance leads to report directly to Iyer reflects Flipkart’s intent to streamline decision-making and accountability within its high-growth e-commerce arm.
Why It Matters
- Sharper financial focus: A dedicated CFO for Flipkart Marketplace enhances clarity in budgeting, forecasting, and financial integration with broader business goals.
- Pre-IPO positioning: Strengthening the finance function is crucial as Flipkart prepares for its high-stakes shift in legal domicile to India and eventual public listing.