Myntra CFO Dipanjan Basu has departed the company to head finances at venture fund Fireside Ventures. In the past weeks, unconfirmed reports about Basu’s resignation were doing the rounds; this was right after Flipkart group CEO Binny Bansal resigned following allegations of sexual assault, as Reuters reported.
Basu worked at Wipro for over 12 years collectively and served several roles; his last role at the company was vice president of finance and operations. He joined Myntra in October 2016.
Earlier this month, Jabong announced that all its operations would merge with Myntra, and dismissed reports of Myntra-Jabong CEO Ananth Narayanan leaving the company. Flipkart’s parent company Walmart said it would layoff about 150-200 people out of Jabong’s 600-700 employees, reported Mint. ET later reported that another 200 Jabong employees would be laid off, note that MediaNama was unable to independently verify this.
After Bansal left, Kalyan Krishnamurthy took over as Flipkart CEO. A Walmart statement clarified that Ananth Narayanan would continue as Myntra-Jabong CEO, and Sameer Nigam would continue as PhonePe CEO. Both Nigam and Krishnamurthy will report to the board, added the statement.