Flipkart Loses Two More Senior Executives

A few days after COO Nitin Seth left Flipkart, two more senior level executives have given in their notice. Vice President of Operations at Ekart, Neeraj Aggarwal and Chief Learning Officer Stefaan van Hooydonk have reportedly decided to leave the Bengaluru-based online retailer firm.

Aggarwal joined Flipkart in 2013 as the director of last mile operations and will now be joining the transportation network company Ola also based in Bengaluru. He will head the driver engagement and incentive planning team of the SoftBank backed aggregator. These exits coupled with all the previous senior management’s move has left all the major divisions reporting directly to CEO Kalyan Krishnamurthy.

Aggarwal and Hooydonk are the last in a long list of senior level employees putting in their papers in the firm. Rival site Snapdeal’s vice president and head of Category Management Saurabh Bansal quit joining Lenskart. These resignations could not have been more ill-timed for Flipkart and Snapdeal who recently signed the term sheet for their merger Sanpdeal which is run by Jasper Infotech has been valued at $1 Billion in the term sheet.

Flipkart, Ola, Snapdeal and Snapdeal’s major investor Softbank are yet to comment on the resignations and the merger.