Another top-level exit for Flipkart, CFO Sanjay Baweja quits

Flipkart''s Chief Financial Officer Sanjay Baweja has put in his papers after a two-year stint, marking the latest top-level exit at the e-commerce major. "Flipkart CFO Sanjay Baweja has quit. The company has started searching for his replacement. Baweja will continue to work with company till December 31, 2016," an industry source said.

When contacted, a Flipkart spokesperson confirmed the development. Baweja joined Flipkart from Tata Communications about two years back. Flipkart''s head of commerce and advertising business Mukesh Bansal and Chief Business Officer Ankit Nagori resigned from the company in February this year.

Nagori quit the firm to start a venture in the sports domain where Flipkart''s Co-Founders Sachin and Binny Bansal are the first investors. Later in April, Flipkart''s Chief Product Officer Punit Soni and Vice President and Head of Seller ecosystem Manish Maheshwari resigned from the company to join Web18.

In July, Flipkart lost two more senior executives -- Payment product head Lalit Sarna and product lead for marketplace division Sunil Gopinath.