Raghu Krishnananda, who served as the Chief Product and Technology Officer at Myntra, has decided to step down from his position. He will officially leave the fashion e-commerce company in the coming weeks. This is the second major departure from the Walmart-owned Flipkart group in just two months, signaling ongoing changes in the company’s leadership structure.
Five Years Of Leading Product at Myntra
Krishnananda joined Myntra over five years ago and played a vital role in shaping the company’s digital and technical journey. He was responsible for several important areas, including business intelligence, product design, product management, and IT security. Under his leadership, Myntra’s technology systems became more efficient, flexible, and aligned with the fast-changing goals of the business.
In an internal memo shared with employees, Myntra CEO Nandita Sinha praised Krishnananda for promoting a culture of innovation and continuous learning. She mentioned how his leadership helped keep Myntra’s technology strong and ready for the future.
Search Begins For Replacement
Until a new chief product and technology officer is appointed, Krishnananda’s direct team members will report to CEO Nandita Sinha. She confirmed that the company has already started looking for a suitable candidate to fill the role. In her message, Sinha expressed gratitude for Krishnananda’s contributions and wished him success in his future plans beyond Myntra.
Leadership Changes
This resignation is part of a larger trend of leadership changes within the Flipkart group. Just a few months ago in February, Jeyandran Venugopal, the Chief Product and Technology Officer at Flipkart, also left after working with the company for eight years. The group has experienced multiple senior-level exits recently, and Myntra itself has gone through several organizational changes.
Myntra CEO Nandita Sinha now also oversees Flipkart Fashion. To strengthen daily operations, she has brought in Sharon Pais, who was the Chief Business Officer of Flipkart Fashion.
Myntra’s Position In India
Myntra, along with Flipkart, currently holds more than 57% of the Indian online fashion market, according to a recent report by Bank of America. Other major platforms like Ajio from Reliance and Nykaa Fashion are also active players in the space.
A joint report by Bain & Company and Myntra estimated the size of India’s online lifestyle market at $16–17 billion and predicted it could grow to $40–45 billion by 2028.
