<p>New Delhi: E-commerce company <a href="https://www.deccanherald.com/business/flipkart-moves-domicile-to-india-from-singapore-clears-path-for-ipo-3925654">Flipkart </a>announced on Friday that Sriram Venkataraman will be moving on from his role as Group Chief Financial Officer. The Walmart-backed company announced the appointment of Nishant Verman to the leadership team as Senior Vice President, Corporate Development and Partnerships.<br><br>Venkataraman will remain with the company for a period of time to ensure continuity and a smooth transition. During this period, Ravi Iyer, CFO, Flipkart, will oversee the broader finance organisation, the e-commerce major said.<br><br>Flipkart Group CEO Kalyan Krishnamurthy said, “Sriram has been a valued member of the leadership team and has played an important role in strengthening our finance organisation over the years. We thank him for his contributions and wish him the very best for the future”.<br><br>Nishant rejoins Flipkart following his successful entrepreneurial venture, Bzaar, where he scaled a cross-border exports platform to profitability, disrupting how US retailers source from India. He has a proven track record in Microsoft’s Corporate Development team and tech investment banking at Morgan Stanley, where he established a strong foundation of technical rigour and strategic execution.<br><br>Flipkart said its strategy, operations, and long-term priorities remain unchanged.</p>.Flipkart moves domicile to India from Singapore, clears path for IPO.<p>With a registered user base of more than 500 million, Flipkart’s marketplace offers over 150 million products across 80 categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. <br><br>Meanwhile, the e-commerce major has announced a 105 per cent bonus payout to employees for 2025 on the back of strong growth momentum. As per an internal communication, seen by DH, the bonus payout for eligible employees at the Senior Director (SD) level and below will be made in March.<br><br>For Vice Presidents (VPs) and Senior Vice Presidents (SVPs), the payout will be post-closure of the 2025 performance process.<br><br>"Our annual Company Performance Multiplier for bonus payout reflects our progress across key business, operational, financial and people metrics. We made meaningful progress in our journey toward sustainable profitability while maintaining strong growth momentum," the internal communication read.</p>
<p>New Delhi: E-commerce company <a href="https://www.deccanherald.com/business/flipkart-moves-domicile-to-india-from-singapore-clears-path-for-ipo-3925654">Flipkart </a>announced on Friday that Sriram Venkataraman will be moving on from his role as Group Chief Financial Officer. The Walmart-backed company announced the appointment of Nishant Verman to the leadership team as Senior Vice President, Corporate Development and Partnerships.<br><br>Venkataraman will remain with the company for a period of time to ensure continuity and a smooth transition. During this period, Ravi Iyer, CFO, Flipkart, will oversee the broader finance organisation, the e-commerce major said.<br><br>Flipkart Group CEO Kalyan Krishnamurthy said, “Sriram has been a valued member of the leadership team and has played an important role in strengthening our finance organisation over the years. We thank him for his contributions and wish him the very best for the future”.<br><br>Nishant rejoins Flipkart following his successful entrepreneurial venture, Bzaar, where he scaled a cross-border exports platform to profitability, disrupting how US retailers source from India. He has a proven track record in Microsoft’s Corporate Development team and tech investment banking at Morgan Stanley, where he established a strong foundation of technical rigour and strategic execution.<br><br>Flipkart said its strategy, operations, and long-term priorities remain unchanged.</p>.Flipkart moves domicile to India from Singapore, clears path for IPO.<p>With a registered user base of more than 500 million, Flipkart’s marketplace offers over 150 million products across 80 categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. <br><br>Meanwhile, the e-commerce major has announced a 105 per cent bonus payout to employees for 2025 on the back of strong growth momentum. As per an internal communication, seen by DH, the bonus payout for eligible employees at the Senior Director (SD) level and below will be made in March.<br><br>For Vice Presidents (VPs) and Senior Vice Presidents (SVPs), the payout will be post-closure of the 2025 performance process.<br><br>"Our annual Company Performance Multiplier for bonus payout reflects our progress across key business, operational, financial and people metrics. We made meaningful progress in our journey toward sustainable profitability while maintaining strong growth momentum," the internal communication read.</p>