Flipkart Chief Financial Officer Sanjay Baweja quits the company

Flipkart Chief Financial Officer Sanjay Baweja has quit the company. Sanjay had quit the company in just under two years of joining the e-commerce marketplace, which was in November last year. Prior to this Baweja worked at Tata Communications where he held the position of the Global CFO. Before that he also had stints at Bharti Airtel, Xerox ModiCorp and has over three decades of work experience in total.

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This development comes at a time when Flipkart is reportedly in advanced level talks to raise USD 1 billion from one of the world’s biggest retailer Walmart. And more important than that it comes at the onset of the Festive season, which by is the mosy important periods for e-tailers to boost their sales. Currently, Flipkart is also engaged in high stakes leadership battle with Amazon India, has witnessed a series of top management exits over the last year or two.

Flipkart’s chief product officer Punit Soni, one of the company’s most prized Silicon Valley hire, quit in April this year after an year-long stint.
Flipkart’s commerce head Mukesh Bansal and chief business officer Ankit Nagori also left the company in February this year, to start their entrepreneural venture. The company had rejigged the roles of its two co-founders in January when it appointed co-founder and then-CEO Sachin Bansal as its executive chairman and co-founder and then-COO Binny Bansal as the new CEO to take care of day-to-day affairs.

Flipkart was also in news right after the Jabong acquisition and valuation changes. It offered its employees the choice to either resign or be sent off with severance pay, in the event of having failed to meet professional expectations.