Technology Startups

Top-level churn at fashion e-tailer Myntra

10 Sep, 2015

Flipkart-owned fashion e-tailer Myntra said on Thursday that its HR chief Pooja Gupta and head of new initiatives Ganesh Subramanian have quit.

The development come a few months after Myntra named former McKinsey India director Ananth Narayanan as CEO as part of a rejig in which the company's co-founder Mukesh Bansal became board chairman. Narayanan is to join Myntra on October 1.

Subramanian's exit was first reported by The Economic Times.

"I am starting something on my own in the consumer internet space," he told the publication. Subramanian could not be immediately reached for a comment.

Subramanian, who joined Myntra in 2012, had worked as chief merchandising officer and chief operating officer before being appointed as the head of new initiatives eight months ago. He will remain with the company till October.

On the other hand, Pooja joined Myntra in 2010. She had previously worked with software corporation SAP and IT company Mindtree. She will leave Myntra by the current month-end.

Myntra which recently killed its web presence to go app-only, hopes to become profitable by 2016-17 as it phases out discounts and generates higher margins from online apparel sale.

Myntra's parent Flipkart has also been witnessing a string of exits lately. In August, CEOs of Appiterate and AdIQuity, startups that were acquired by Flipkart earlier this year, left within six months.

Flipkart's chief technology officer Amod Malviya and HR head Mekin Maheshwari, have both stepped down from their respective positions and have moved to an advisory role. Head of engineering Sameer Nigam also quit the company in July this year.

Prior to that, CEO of Flipkart's Strategic Brands Group and WS Retail's Sujeet Kumar had already quit Flipkart.

However, both Flipkart and Myntra are scouting for talent to fill senior level positions. Myntra had recently appointed ex-Google Kenghe as senior vice president and product head.

At Flipkart, Hari Vasudev (Yahoo), Anand KV (Hathway) and Manish Maheshwari (txtWeb) joined the team in supply chain, customer experience and seller ecosystem verticals, respectively. Besides them, Saikiran Krishnamurthy from McKinsey was named the chief operating officer (COO) of its commerce division.

Flipkart also hired two Silicon Valley expatriates, namely Eric Lange (former vice president of Yahoo's analytics wing) and Dan Rawson (ex- general manager at Amazon's fulfilment business). Google's former product management executive Punit Soni joined Flipkart as chief product officer in March.