Myntra top brass exits; After CEO even the CFO and CMO quit

Online shopping portal Myntra is facing an exodus in the top ranks. Just a few weeks after CEO Amar Nagaram put in his papers, Ramesh Bafna, the chief financial officer of fashion portal Myntra, and Harish Narayanan, the Flipkart Group company’s chief marketing officer, have also resigned. 

ET reports that Sriram Venkatraman, the Flipkart Group CFO, will act as its interim CFO “for the next few months”, as per an email sent to employees.

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The latest round of departures come at a time when Reliance Retail-owned Ajio.com is emerging as a major competitor to Myntra.