High-profile executives exit from Flipkart is continuing to trouble the e-commerce major, Mausam Bhatt, the vice-president of Flipkart Internet Pvt. Ltd and private label head; and Peeyush Ranjan, senior vice-president of engineering are the latest to leave the company. It isn’t clear yet exactly where Bhatt is heading to next, but Ranjan is joining online rental platform Airbnb Inc. in the US. Ranjan was one of Flipkart’s high-profile executive from the Silicon Valley. Flipkart has confirmed the changes made.
Flipkart’s electronics business head, Adarsh Menon replaces Bhatt as the head of Flipkart’s yet-to-be-launched private-label business. Meanwhile, Flipkart’s current chief engineer Ravi Garikipati will take over as the new senior vice-president of engineering, the post vacated by Ranjan.
Ranjan, joined Flipkart last year during May from Google (Alphabet Inc.). He has moved back to the US in June, 2016. He was the man behind Flipkart’s San Francisco office where engineers and computer scientists work on mobile technology, machine learning and research on new technologies.
In an interview to livemint, Ranjan said, “A few months ago, I had to move to the US. Then we had set up a research lab in Palo Alto that I was overseeing where we do very cool things. However, due to the personal reasons around that time it became clearer that I need to spend considerable time in the US, which is why I have decided to leave.”
In 2016, as many as seven Flipkart executives of the level of senior vice-president, the second highest rank at Flipkart have left. Sachin Bansal, the company’s co-founder, too stepped aside as chief executive in January and was followed by co-founder, Binny Bansal.
Most of these resignations and reshuffles are linked to Flipkart’s disastrous performance last year when the company lost important ground to Amazon India. It is believed that Flipkart’s decision in 2014 to replace its entire management team with a high-profile recruits from better established companies might have backfired.