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Myntra Gets New CEO Amid Flipkart IPO Plans
13 Apr
Summary
- Sharon Pais is the new CEO of Flipkart's Myntra unit.
- Pais previously led Flipkart Fashion since 2013.
- This change occurs as Flipkart prepares for its IPO.
Sharon Pais has been appointed as the new chief executive officer of Flipkart's online fashion unit, Myntra. The appointment is effective immediately. Pais has been an integral part of the e-commerce firm, owned by Walmart, since 2013. Her most recent role was as the head of Flipkart Fashion.
She succeeds Nandita Sinha, who has led Myntra since 2022 and is now departing the company. Pais will report directly to Flipkart CEO Kalyan Krishnamurthy. This leadership change comes at a significant time for Flipkart, as the company prepares for its initial public offering.
Flipkart, a major player in the Indian e-commerce market, acquired Myntra in 2014. The company, which began by selling books online in 2007, was valued at approximately $37 billion in 2024. Alphabet's Google also invested $350 million in the company in 2024.
