Flipkart CFO Sanjay Baweja quits amid sagging fortunes

Flipkart chief financial officer Sanjay Baweja has resigned from the company, giving a big blow to the ecommerce major’s efforts to retain talent.

Baweja joined the company in November 2014 after his stints at Tata Communications, Emaar MGF and Bharti. His exit comes at a time when Flipkart is finding it difficult to retain the poll position in the Indian ecommerce sector, where Amazon ruling the roost.  The development happens at a crucial time when Flipkart is going for another round of funding and an eventual initial public offering. The company also witnessed high profile exit of CTO Punit Soni, Legal Head Rajinder Sharma and Head of Customer Experience Anand K V, recently.