In a leadership change at Flipkart-owned travel booking platform Cleartrip, Chief Financial Officer (CFO) Aditya Agarwal has decided to step down from his role due to personal reasons. This news follows the recent departure of former CEO Ayyappan R, who left to pursue his own venture in the consumer tech space.

Cleartrip has announced that Akshat Mishra, a seasoned professional with two years of experience in the company's business finance team and eight years within the Flipkart Group, will assume the role of Head of Business Finance. This internal promotion ensures continuity and stability in Cleartrip's financial leadership.

Agarwal, who dedicated nine years to Cleartrip, served as CFO since 2020 and previously held the position of Head of Corporate Strategy and M&A. He played a pivotal role in the successful merger and integration of Cleartrip into the Flipkart Group, a significant milestone for both companies.

Cleartrip's Commitment to Internal Growth

The company emphasized its commitment to fostering internal talent through this leadership transition. Agarwal's smooth handover to Mishra underscores Cleartrip's focus on ensuring a seamless continuation of its financial operations.

Cleartrip's Recent Business Activities

Beyond the leadership changes, Cleartrip has actively expanded its offerings. In February 2024, the company ventured into the corporate travel segment with the launch of "Out of Office" (OOO), a dedicated booking platform designed for businesses of all sizes. This strategic move signifies Cleartrip's ambition to capture a wider market share.

Flipkart's Restructuring

It is important to note that Flipkart, Cleartrip's parent company, has been undergoing a performance-based restructuring across various verticals in recent months. This includes streamlining operations by letting go of a small percentage of its workforce, impacting vice presidents in engineering and product departments.