Sharma is expected to leave his current position, which he has been serving for four years and is going to mentor other startups.
Shamik Sharma, who was working as chief technology and product officer at Myntra from the past four years, has moved to an advisory role at the Flipkart-owned fashion e-commerce, as per the source.
As per the source, Sharma is expected to leave his current position, which he has been serving for four years and is going to mentor other startups.
Shamik Sharma said that his move came at a time when Myntra was trying to re-position the recently acquired smaller rival Jabong amid talks of it being shut down as a separate entity.
The company confirmed that "Shamik will continue as technology adviser and play a key role in Myntra's product and technology growth. Ajit Narayanan has been appointed as the new CTO of Myntra. Ajit was earlier heading storefront engineering and has been a key leader in several of Myntra's innovations. Ajit has been elevated to head all engineering at Myntra. With our mission of using technology to democratise fashion, we are very excited about the new leadership role that Ajit has assumed. He will strengthen the platform and further build upon the strong technological foundations of the company."
Narayanan was previously working as SAP Labs executive, who had joined in April last year.
Sharma, who has previously worked with Yahoo, is moving out at a time when Myntra is in the midst of seeing other top-level exits like that of Prasad Komapalli, head of commerce, and Abhishek Verma, head of private brands. Prabhakar Sunder, who was CFO of the company, left to join rival Voonik, while Gautam Kotamraju, chief creative officer, went on to join e-commerce giant Amazon.