Flipkart senior exec Anil Goteti resigns to float his own venture

Anil Goteti, who heads the customer growth and monetisation vertical as vice president of Flipkart, will step down from his role in November to set up his own venture.

“I have spent more than 8 years in the company… seeing the company grow more exponentially than one could have imagined, taking on roles that I would not have planned for, feeling empowered to take big decisions, being entrepreneurial to start new things for the company, and learning much more than what one could have ever asked for,” he wrote in a post on LinkedIn.

“It is with this learning and confidence, that I have now decided to start my own company and contribute to the Indian startup story,” he added.

He will, however, continue to be a part of the Bengaluru based firm in an advisory role.

An email sent to Flipkart seeking further details did not elicit an immediate response.

After a five-year stint with Qualcomm and a brief stay at McKinsey, Goteti joined Flipkart in March 2012, managing the P&L (profit and loss) of books and e-books division, where he led strategy, business development and operations.

He was promoted to the role of senior director of Flipkart’s home and furniture category in April 2014. Goteti became the business head and P&L owner of mobiles, home and furniture categories in July 2015 donning the role of a vice president and then headed the company’s refurbished goods marketplace 2GUD for two years.

He was subsequently elevated to the post of senior vice president in December 2018 where he was responsible for acquiring new customers, growing transacting base, driving the loyalty program and monetisation.

A graduate of IIT Madras, Goteti has two post graduate degrees – one in electrical engineering from the University of Illinois and another in business admiration (MBA) from the Northwestern University, Kellogg School of Management.

The Walmart-owned ecommerce giant has witnessed a handful of senior-level exits in the recent past.

In March, Flipkart Group CFO Emily McNeal resigned from the company. Rishi Vasudev, group head of fashion at Flipkart and head of Myntra, stepped down after a five-year stint in December 2019. Flipkart’s senior vice president and chief human resource officer, Smriti Singh, resigned in November.