Flipkart loses at least eight VPs and SVPs as morale sags

Sources tell Moneycontrol that Walmart-owned Flipkart is seeing sagging employee morale as Indian startup rivals push ahead with IPOs. At least eight VPs and SVPs have quit in recent weeks.

• At least eight VPs and SVPs left Flipkart in recent weeks
• Employees had pinned hopes on an eventual Flipkart IPO
• Indian startup rivals are moving ahead with listings