Nigam will start his own venture. Malviya, on the other hand, will now be a part of the advisory board that Flipkart has constituted to help manage the direct fast-paced growth that the company is witnessing.
A company spokesperson confirmed the development.
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It is looking at bringing in people with specific skills in areas like leadership strategy, technology and operations as Flipkart fights rivals in hyper-competitive Indian e-retail sector.
Last year, Flipkart had rejigged its top management with Mukesh Bansal taking over the responsibilities of running the ecommerce business.
Co-founders Sachin Bansal and Binny Bansal are focusing on new businesses like advertising and supply chain.
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