Flipkart has brought back Nishant Verman as senior vice president (SVP) as the Walmart-owned e-commerce company intensifies preparations for a potential initial public offering (IPO), according to people familiar with the development.
Verman previously served in Flipkart’s corporate development team, where he played a key role in several of the company’s most significant strategic transactions. He was closely involved in Flipkart’s US $ 16 billion sale to Walmart in 2018, widely regarded as one of the largest deals in India’s start-up ecosystem.
He also contributed to Flipkart’s US $ 4 billion fundraise from major global investors including SoftBank, Tencent, eBay and Microsoft. In addition, he led several strategic acquisitions for the company, including PhonePe, Jabong and eBay India, which helped expand Flipkart’s footprint in digital payments and online retail.
His return marks one of the few senior vice president-level appointments at the company in the past year. The move comes amid a broader restructuring of Flipkart’s senior leadership under CEO Kalyan Krishnamurthy.
According to earlier reports, the company has streamlined its SVP ranks, reducing the number to fewer than a dozen from around 18 two years ago as part of efforts to tighten leadership structures and improve operational efficiency.
In January, Flipkart appointed Gunjan Bhartia as SVP for business finance. Prior to that, Bharath Chinamanthur joined the company as SVP for technology in August last year.
The latest leadership addition is seen as part of Flipkart’s strategy to strengthen its executive team as it prepares for a potential public listing.
