Flipkart VP and CoS Ashish Vijayvergiya to lead new startup within company instead of exiting

Flipkart vice president (VP) Ashish Vijayvergiya, who is also the chief of staff to CEO Kalyan Krishnamurthy, is planning to start a new company within the Flipkart group similar to super.money, as reported by Moneycontrol.

A new startup within Flipkart

As reported, Vijayvergiya is discussing his business plans with a smaller group within Walmart-owned Flipkart about starting up from inside the company.

“The initial plan was for Ashish to start a fantasy gaming platform, but the ideas are still evolving so it is not clear if that will be the final form of the business. It is, however, most likely to be on the consumption and content side of things,” a source quoted.

Vijayvergiya has been with Flipkart for over a decade and was likely contemplating an exit as he was keen on launching a startup. 

However, the e-commerce company’s top management proposed that he continue within the company and even start his own business that will grow under Flipkart’s fold, a second source told Moneycontrol.

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Repeating pattern in Flipkart?

This is similar to what happened when Prakash Sikaria, a senior VP (SVP) at the company, planned his exit.

Around July 2022, when Sikaria was finalising his exit plans, after spending over seven years at Flipkart, the top management negotiated so that he stayed back.

Sikaria founded super.money, a credit-first UPI fintech app within the Flipkart group. Super.money continues to operate as a standalone startup within Flipkart, an arrangement that can be expected for Vijayvergiya’s company.

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