Flipkart appoints CTO Ravi Garikipati as head of fin-tech

Flipkart appoints CTO Ravi Garikipati as head of fin-tech 810 506 C-Suite Network

Days after announcing its intentions to sell insurance products, homegrown e-commerce major Flipkart has appointed Ravi Garikipati, its chief technology officer, as head of fin-tech department, a media report said.

Chief executive Kalyan Krishnamurthy will be in charge of the engineering division at Flipkart, which was helmed by Garikipati, a report in The Economic Times stated.

The e-commerce major will also hire a new head of engineering, the report added.

“Currently, areas such as consumer credit and supply-chain financing are still at a nascent stage in India due to unevolved credit and risk assessment models, but that is changing fast,” ET quoted Krishnamurthy as saying in an email to Flipkart’s employees.

“For us at Flipkart, fintech can help expand our affordability charter, drive penetration of our products and services in smaller towns and cities, and create offerings that are unparalleled in India,” he added.

Garikipati, an IT…