Myntra chief Ananth Narayanan resigns

Ananth Narayanan , Chief Executive Officer of Myntra has resigned and a Flipkart executive has been tasked with heading the online fashion retailer.

Flipkart's Amar Nagaram is set to head the unit. The report comes weeks after Narayanan told in an interview that he would continue to lead operations following a reshuffle in the ranks after the departure of Flipkart group CEO Binny Bansal.

According to reports, Myntra's chief revenue officer, Mithun Sundar, and human resources head Manpreet Ratia have also resigned

About 150-200 people have been laid off across Myntra and Jabong, another online fashion retailer owned by Flipkart, with a fresh round of layoffs expected in the coming weeks, the report said.

Flipkart group chief Binny Bansal resigned in November following allegations of sexual assault that dates back a few years.

(Featured image : News Nation)