e-commerce
Snapdeal’s top Silicon valley talent Anand Chandrasekaran quits as CPO
MUMBAI: The eCommerce industry has seen some major tectonic shifts — Snapdeal engineering vp Bhuvan Gupta, Flipkart’s Sharat Singh, Flipkart’s product office Punit Soni, Flipakart’s Mukesh Bansal and Ankit Nagor; and now, most recently, Snapdeal’s Chief Product officer Anand Chandrasekaran.
Snapdeal co-founder Rohit Bansal confirmed the news with his tweet on Tuesday that read, “@anandc proud of the super work by you and the product team. Hard to believe that this was just 1 yr. Farewell, keep rocking!”
Chandrasekaran soon replied back tweeting, “@rohitkbansal thanks for the support. We did in 1 what would take 3 years anywhere.”
While Chandrasekaran refrained from making any official comments on his future endeavors, word has it that he is looking to start his own business.
A former Yahoo executive, Chandrasekaran joined Snapdeal last June to integrate more services, like Uber, into the company’s flagship app, a model similar to China’s popular WeChat. This high profile Silicon Valley recruit quit the Indian startup within a year, adding to the increasingly long list of top hires from the valley by the Indian Unicorns who are moving on to start their own businesses. As per a leading daily the industry has witnessed close to 17 major movements between Flipkart, Snapdeal, Ola, Zomato and Paytm to launch their own startups.
When asked to comment on it, Snapdeal’s spokesperson further shared, “Anand has done some stellar work on the product side at Snapdeal. His insights and attention to detail have helped us traverse quickly towards launching and improving products at Snapdeal. We wish Anand the very best for his entrepreneurial journey ahead.” Snapdeal didn’t confirm any possible appointments to fill Chandrasekaran’s shoes any time soon.
e-commerce
Flipkart rolls out 105 per cent bonus for 20,000 employees
Strong FY25 performance drives payouts even as layoffs and shifts unfold.
MUMBAI: In a year where belts were tightened and rewards loosened, Flipkart seems to be playing both offence and defence trimming roles on one hand while handing out a generous 105 per cent bonus on the other. The Walmart owned e commerce major has rolled out a 105 per cent bonus payout for 2025, covering nearly 20,000 employees, signalling a year of steady operational momentum even as the company navigates restructuring pressures. The payout, communicated internally by chief human resources officer Seema Nair, is tied to performance across key metrics including growth, operational efficiency, financial outcomes and people indicators, a combination that suggests the company is inching closer to its long stated goal of sustainable profitability.
Employees at SD level and below are set to receive their bonuses in March, while payouts for senior leadership, including vice presidents and senior vice presidents, will follow after the close of the performance cycle. The elevated 105 per cent multiplier stands out in a sector where cautious payouts have increasingly become the norm, pointing to what appears to be a relatively strong internal scorecard for FY25.
Yet, the announcement arrives with a noticeable contrast. Earlier this year, Flipkart reduced its workforce by around 300 roles as part of its annual performance review process. While officially framed as performance driven, the juxtaposition of layoffs alongside above target bonuses reflects a more nuanced balancing act, one that prioritises cost discipline while continuing to reward and retain high performing talent.
This dual approach is becoming increasingly common across the technology and e commerce landscape, where companies are navigating an uneven hiring environment while under pressure to deliver profitability. Rewarding top contributors, even amid selective workforce reductions, allows firms to maintain morale and retain critical talent without losing sight of financial prudence.
At the same time, Flipkart is also undergoing leadership shifts that hint at a broader strategic recalibration. Nishant Verman has been appointed senior vice president for corporate development and partnerships, while group chief financial officer Sriram Venkataraman is set to step down. Ravi Iyer will take on expanded responsibilities within the finance function, marking a reshuffle at the top as the company gears up for its next phase.
These changes come amid reports that Flipkart is planning to shift its holding structure back to India, a move widely interpreted as groundwork for a potential public listing. While timelines remain fluid, the combination of stronger financial discipline, leadership restructuring and employee incentivisation suggests a company preparing itself for greater scrutiny and scale.
For employees, the 105 per cent payout offers a welcome boost in what has otherwise been a period of adjustment. For Flipkart, it is a signal that even as it cuts where necessary, it is willing to spend where it counts. In the high stakes game of growth versus profitability, the company appears to be hedging its bets carefully, rewarding performance while reshaping itself for what could be its most defining chapter yet.
