Flipkart’s Jeyandran Venugopal To Join Reliance Retail As CEO

SUMMARY

Flipkart’s outgoing chief product and technology officer (CPTO) Jeyandran Venugopal will likely join Reliance Retail Ventures as chief executive

Venugopal resigned from Flipkart in February citing personal reasons

As per his LinkedIn profile, he worked with the Walmart-owned ecommerce giant for nearly six years

Flipkart’s outgoing chief product and technology officer (CPTO) Jeyandran Venugopal will likely join Reliance Retail Ventures as chief executive.

Venugopal resigned from Flipkart in February citing personal reasons.

An ET report said that Venugopal is expected to spearhead the consumer-facing arm of Reliance Industries Ltd (RIL).

Inc42 has reached out to Venugopal and Reliance Retail for comments on the development. The story will be updated based on the responses.

As per his LinkedIn profile, Venugopal worked with the Walmart-owned ecommerce giant for nearly six years. He started as senior vice president of product and engineering wing and oversaw verticals like consumer shopping experience, design and user research, IT, security and data science, among others, at Flipkart.

He has been the chairperson of Nasscom Deeptech Council, since January 2024. Prior to which, he also worked under similar senior positions at Myntra for nearly two years.

The ET report further said that Venugopal is set to complete his exit formalities in Flipkart by May.

“Jeyandran has been in discussions with Reliance to join as the CEO of their retail unit…these discussions are pretty serious and he is likely to join in May after he leaves Flipkart,” sources told ET.

“Reliance wants to bring in a technology leader to bring in the next phase of growth for the retail business. Someone like Venugopal, who has spearheaded tech at Flipkart for a long period of time, is a fit for the group,” another source added.

This comes at a time when Reliance Retail partnered with the Chinese fast fashion major Shein in February, to cater to the Indian consumer market. Shein’s operations will entirely be managed by a wholly-owned subsidiary of Reliance Retail and all the data and the app itself will be hosted and stored within India.

On the financial front, Reliance Retail’s operating revenue jumped 7% to INR 79,595 Cr during the third quarter (Q3) of the financial year 2024-25 (FY25), from INR 74,373 in Q3 FY24.

Meanwhile, the company reported that its net profit rose 10% to INR 3,458 Cr in Q3 FY25 compared to INR 3,145 Cr during the corresponding quarter last fiscal.