Flipkart brings back Nishant Verman to aid IPO push

Flipkart has brought back Nishant Verman as senior vice president (SVP) amid the Walmart-owned ecommerce major’s preparations for its much-anticipated initial public offering (IPO), people familiar with the development said.

Verman was earlier part of Flipkart’s corporate development team and played a key role in the company’s $16 billion sale to Walmart in 2018, one of the largest deals in India’s startup ecosystem. He was also involved in Flipkart’s $4 billion fundraise from SoftBank, Tencent, eBay, and Microsoft, and led the company’s acquisitions of PhonePe, Jabong, and eBay India.