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The chief executive officer of online fashion retailer Myntra, Ananth Narayanan, has decided to resign, days after the co-founder and group chief executive of its parent Flipkart stepped down, the Times of India reported on Friday.

After Binny Bansal, CEO of Flipkart's fashion unit Myntra Ananth Narayanan quits, job cuts seen: Report

After Narayanan's appointment, Marico's board now has six independent directors besides chairman and non-executive director Harsh Mariwala, MD &amp; CEO Saugata Gupta and two non- executive directors.

Myntra-Jabong CEO Ananth Narayanan on Marico's board

Myntra's sale comes at a time when brick and mortal retail stores are offering heavy discounts to customers to clear stocks, ahead of the GST roll-out from July 1.

Myntra eyes 25-fold jump in sales, 4 lakh new customers from upcoming sale

Online fashion brand retailer Myntra will participate in Flipkart's upcoming 'Big 10 Sale' beginning from midnigt of May 14, Sunday, and will&nbsp;offer discount up to 80%&nbsp;on 3.5 lakh styles and designs,

Big 10 Sale: Myntra to join Flipkart's event; to launch offers & discounts up to 80% on fashion brands