peeyush-ranjan

Peeyush Ranjan, Flipkart’s group chief technology officer has quit the company and will leave by December end, reports Economic Times. Flipkart Labs, an initiative headed by Ranjan, will be led by Ravi Garikipati, Flipkart’s head of engineering. The report adds that Ranjan will be joining Airbnb in San Francisco as VP of engineering.

Ranjan was only promoted to group CTO 6 months ago during a company restructure. He had joined Flipkart as its director of engineering in April 2015 from Google, where he was the senior director of engineering for 9 years. Prior to that he’d worked as the VP of engineering at Motorola Mobility. Ranjan also had stints at Gogomo Inc, HP, Consera Software, Infospace Inc and Microsoft.

Flipkart has witnessed a trail of departures over the last year:

Last month, Sanjay Baweja, Flipkart’s CFO, quit the company. Baweja had joined Flipkart 2 years ago in November 2014 where he developed a strategic roadmap for profitable revenue growth.

In July, Lalit Sarna, head of Flipkart’s payments product design, and Sunil Gopinath, head of technology for the marketplace division, left the company. Abhijit Bhattacharya quit as the Director of Brand Marketing & Head of Media at Flipkart. VP of engineering Sharat Singh had quit after a short six-month stint.

In April, Punit Soni, chief product officer Flipkart, resigned after a year’s stint at the ecommerce company. Manish Maheshwari had quit Flipkart as VP and Head of its Seller ecosystem. In February, Mukesh Bansal quit the company as head of commerce division and Myntra Chairman. Chief business officer Ankit Nagori too put down his papers.

In August, Flipkart denied that it had had layoffs at the company but said that it identified employees who did not meet its standards and asked them to pursue opportunities outside the company.

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Meanwhile, Morgan Stanley cut its share values in Flipkart valuing the company at $5.5 billion from its previous valuation of $15.2 billion. The Economic Times report cited Flipkart as saying that, “We are seeing strong traction in our business momentum and operating performance. We continue to be focused on innovating for the customer, growing the market and executing on our long-term growth agenda.”