New Delhi, March 20 -- Flipkart announced on Friday that its Group CFO Sriram Venkataraman is resigning from the e-commerce firm. The development comes ahead of the Walmart-backed company's planned initial public offering (IPO) in India.

In the interim, Flipkart CFO Ravi Iyer will take charge of overseeing the company's broader finance operations. However, Flipkart is yet to announce a successor for Sriram Venkataraman.

The senior company executive, who has been with Flipkart for over a decade, will exit over the next few months. The company said in a statement that he will remain with the company for a period of time to ensure continuity and a smooth transition, though his exact last date of working was not mentioned.

Sriram Venkatara...