Myntra’s Chief Product and Technology Officer Raghu Krishnananda steps down

Krishnananda’s exit marks the second high-profile departure from the Flipkart Group in recent months.

By  Storyboard18Apr 11, 2025 8:37 AM
Myntra’s Chief Product and Technology Officer Raghu Krishnananda steps down
In recent months, Flipkart has seen a string of senior-level exits, while Myntra itself has undergone an organisational restructuring.

Raghu Krishnananda, Chief Product and Technology Officer (CPTO) at Myntra, has resigned from the fashion e-commerce platform owned by Walmart. According to an internal memo reviewed by Moneycontrol, Krishnananda will be transitioning out of the company over the coming weeks.

Krishnananda’s exit marks the second high-profile departure from the Flipkart Group in recent months. In February, Moneycontrol had reported that Jeyandran Venugopal, CPTO at Flipkart, was also stepping down after an eight-year tenure.

“After a stint of over five years, Raghu has decided to explore the next chapter of life outside of Myntra,” wrote Myntra CEO Nandita Sinha in the internal communication.

She added that until a suitable replacement is found, Krishnananda’s direct reports will temporarily report to her. “I thank him for his contributions and wish him success in the journey ahead,” she said.

Both Myntra and Flipkart are owned by US retail giant Walmart. Combined, the two platforms command over 57 percent of India’s fashion e-commerce market, according to analysts at BofA in a recent client note.

Other key players in India’s online lifestyle space include Reliance’s Ajio and Nykaa Fashion. The market, currently valued at around $16–17 billion, is expected to grow to $40–45 billion by 2028, as per a report published jointly by Bain & Company and Myntra last year.

In recent months, Flipkart has seen a string of senior-level exits, while Myntra itself has undergone an organisational restructuring. CEO Nandita Sinha was recently handed additional responsibility of leading Flipkart’s fashion vertical alongside her current role at Myntra.

Myntra has confirmed Krishnananda’s departure.

First Published on Apr 11, 2025 8:37 AM

More from Storyboard18

Brand Makers

Tata Motors EV sales witness 16% drop in April YoY, PVs sales down by 5%

Tata Motors EV sales witness 16% drop in April YoY, PVs sales down by 5%

Brand Makers

InspiRAYtion 24: How to enter at an award show

InspiRAYtion 24: How to enter at an award show

Brand Makers

WAVES 2025: India's global entertainment summit aims to chart a $50 billion future

WAVES 2025: India's global entertainment summit aims to chart a $50 billion future

Brand Makers

Aviva India appoints Suresh Mahalingam as Chairperson

Aviva India appoints Suresh Mahalingam as Chairperson

Brand Makers

Varun Beverages' Q1 profit soars 35% to Rs 726 crore

Varun Beverages' Q1 profit soars 35% to Rs 726 crore

Brand Makers

Arundhati Bhattacharya awarded Padma Shri for contributions to banking and technology

Arundhati Bhattacharya awarded Padma Shri for contributions to banking and technology

Brand Makers

‘Liberation Day’ to ‘Strategic Uncertainty’: All the ways Donald Trump branded his 2025 trade tariffs

‘Liberation Day’ to ‘Strategic Uncertainty’: All the ways Donald Trump branded his 2025 trade tariffs

Brand Makers

Leadership reshuffle at Bajaj Finserv; Manish Jain, Sidhant Dadwal, Harjeet to take Deputy CEO roles

Leadership reshuffle at Bajaj Finserv; Manish Jain, Sidhant Dadwal, Harjeet to take Deputy CEO roles