New Delhi, April 3 -- Nandita Sinha, the chief executive officer (CEO) of Flipkart-owned Myntra, is set to step down from her role and move on from the company in the coming weeks after more than a decade-long tenure, according to a Moneycontrol report.

Sinha's possible departure comes ahead of Flipkart's planned IPO, scheduled for later this year.

The online fashion platform was acquired by Flipkart in 2014. Since then, Myntra has remained a major part of the group's business. It continues to hold a strong position in India's online fashion market, competing with platforms such as Amazon Fashion, Reliance's AJIO, Nykaa Fashion, and Meesho.

After Sinha's exit, Sharon Pais, who is currently serving as the head of Flipkart Fashion, is li...