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Myntra appoints Jeyandran Venugopal as its new CTO; third CTO in the past year

Flipkart-owned fashion e-tailer, Myntra has appointed Jeyandran Venugopal as its new chief technology officer (CTO), reports Livemint. He replaces Ajit Narayanan, who has resigned. Narayanan had been appointed the CTO in November last year.

Before joining Myntra, Venugopal was heading his own venture called Eclinic247, an online doctor discovery and consultation platform. Prior to that he was a technology advisor at Snapdeal, and served in several senior engineering leadership roles at Yahoo, Bangalore between 2008 and 2014. Previously, he had worked for over seven years at Amazon Web Services.

The report also mentions that the company has appointed Intuit India’s Mohan Sunkara as its VP and distinguished architect, Arun Samudrala as principal architect, and former senior engineer at Ola, Sriram V Iyer as VP of engineering.

Third CTO at Myntra in less than a year

First Shamik Sharma quit as Myntra’s CTO in November last year, and moved into an advisory role. He had served in the role for over four years. Following this, the company’s SVP & head of engineering, Ajit Narayanan was promoted to the role of CTO in the same month. And now the appointment of Venugopal.

Parent company Flipkart has also been undergoing a reshuffle in its top management, since January this year. Firstly, Tiger Global’s Kalyan Krishnamuthy was appointed the CEO of Flipkart, and co-founder Binny Bansal became the Group CEO. At the same time Nitin Seth was promoted to the post of COO from chief administrative officer. Then last month, Seth resigned from the company citing personal reasons.

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The company also saw various top executives leaving  such as Ekart head Saikiran Krishnamurthy, senior vice president and product head Surojit Chatterjee, and chief marketing officer Samardeep Subandh.

Recent developments at Myntra

– In April this year, Myntra made its fourth acquisition. It acquired Bangalore-based logistics startup InLogg for an undisclosed amount. As part of the deal, the core management team of InLogg was absorbed into Myntra.

– Myntra expanded its offline presence by launching its first offline store in Bangalore under one of its private label brand called Roadster, in April. The ecommerce company had been planning for its offline push since October last year and added at least 10 private label brands including Roadster, Dressberry, HRX among others to its portfolio.

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