Flipkart group has faced another setback following Myntra’s Chief Product and Technology Officer (CPTO) Raghu Krishnananda‘s resignation after giving 5 years to the company. The news came from the desk of CEO Nandita Sinha, stating that he is stepping down to “explore the next chapter of life outside of the company.”
As per the reports, Krishnananda is to be transitioned out of the Walmart-owned fashion e-commerce platform Myntra in the coming week. In the interim, his direct reports will be to CEO Sinha.
Krishnananda Steps Down During Myntra’s Strategic Shift
Krishnananda’s departure coincides with a pivotal phase for Myntra as the company aggressively scales its quick commerce vertical. Central to this expansion is “M-Now,” a service launched in November 2024, which promises fashion and beauty product deliveries within 30 minutes to 2 hours in select urban areas.
The initiative is part of Myntra’s broader strategy to tap into the fast-evolving instant delivery segment, mirroring the success of quick commerce in grocery and essentials. M-Now currently operates in metros like Bengaluru and Delhi, with plans to extend to other cities shortly, leveraging Myntra’s deep supply chain integration and localized warehousing.
Raghu Krishnananda: A Five-Year Chapter at Myntra
Krishnananda joined Myntra in 2019 after being a part of top firms like Wipro, Goldman Sachs, and Citibank. Over the five years at Myntra, he played a key role in shaping the company’s tech and product strategy.
His leadership was instrumental in building the infrastructure that now supports initiatives like the “M-Now” quick commerce service. As the company doubles down on real-time delivery and customer experience, his departure marks a significant transition, signaling both the end of an era and the beginning of a new, fast-paced chapter for the Walmart-owned fashion giant.
This is the second time in a row that Flipkart group has received a resignation from the top hierarchy. In February, Flipkart’s Chief Product and Technology Officer, Jeyandran Venugopal, stepped down after eight years with the Walmart-owned e-commerce giant. According to an internal note from CEO Kalyan Krishnamurthy, Venugopal cited “personal reasons” for his departure.
Read More: Zomato COO Rinshul Chandra Resigns Amid Business Challenges
