Myntra's chief product and technology officer Raghu Krishnananda resigns

Raghu Krishnananda, the chief product and technology officer at Myntra, has resigned and will leave the fashion e-commerce giant in the coming weeks.

His exit marks the second high‑profile technology departure from the Walmart‑owned Flipkart group in about two months.

Five years at the helm of product and tech

Krishnananda joined Myntra a little more than five years ago and has since overseen business intelligence, design, product management, and IT security.

In an internal memo seen by Moneycontrol, Myntra chief executive officer Nandita Sinha reportedly said he had "played an instrumental role in fostering a culture of curiosity, innovation and excellence" while keeping the platform's technology strategy "agile, scalable and closely aligned with business goals.”

Interim structure while a search begins

Until a successor is named, Krishnananda's direct reports will report to Sinha. The company has begun looking for "the right talent to take on his responsibilities," she wrote, thanking him for his contributions and wishing him success in "the next chapter of life outside of Myntra."

Leadership churn across Flipkart group

Krishnananda's exit follows the February departure of Jeyandran Venugopal, chief product and technology officer at sister company Flipkart, who left after an eight‑year tenure.

Over recent months Flipkart has seen several senior executives move on, and Myntra has reshuffled its structure so that Sinha also oversees Flipkart Fashion. She has brought in Flipkart Fashion's chief business officer, Sharon Pais, to strengthen day‑to‑day operations.

Market presence

Myntra and Flipkart together control more than 57% of India's online fashion market, according to a Bank of America note earlier this year. Rival platforms Ajio, owned by Reliance, and Nykaa Fashion are also prominent players.

A joint study by Bain & Co. and Myntra last year valued the country's online lifestyle market at $16 billion to $17 billion and projected it could reach $40 billion to $45 billion by 2028.