Flipkart CFO Sanjay Baweja quits

Just under two years of joining India's largest e-commerce marketplace Flipkart, its chief financial officer Sanjay Baweja has quit. The company has confirmed his exit. This move comes when the crucial festive season is at its peak. This is supposed to be one of the most important periods for e-tailers to jack up their sales. It also comes when Flipkart is reportedly in advanced talks to raise funds from one of the world's biggest retailer, Walmart.

Baweja joined Flipkart in November last year after he left Tata Communications where he was the Gobal CFO. He's also had stints at Bharti Airtel, Xerox ModiCorp. In the course of the last year or two, Flipkart, which is currently engaged in a high stakes leadership battle with Amazon India, has witnessed a series of top management exits. Its chief product officer Punit Soni, one of the company's most prized Silicon Valley hire, quit in April this year after a year-long stint. The company's commerce head Mukesh Bansal and chief business officer Ankit Nagori also left the company in February this year.