The CEO who helped deliver the Flipkart-Walmart deal

Experts say Kalyan Krishnamurthy relentless focus, his aggressive execution changed Flipkart’s fortunes. He brought the edge that Flipkart was missing.

Bangalore: The outlook for Indian online retailer Flipkart was decidedly gloomy when Kalyan Krishnamurthy became chief executive officer in January 2017. The startup’s valuation was dropping, fundraising was more difficult and Amazon.com Inc. was pledging $5 billion-plus to siphon away customers. So the 46-year-old former hedge-fund manager took some risks. He fired senior managers, set more-aggressive sales targets, boosted spending on promotions and promised to dominate India’s festival-season shopping. His strategy worked, and now comes the return on those risks –- a $16 billion initial investment from Walmart Inc. in Flipkart…

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The Flipkart story: A timeline of funding from 2007 to 2017

The Flipkart story: A timeline of funding from 2007 to 2017

Flipkart has supposedly finished a $1billion fundraising and is likewise looking raise around $1 billion more in the proper method of 2017. The organization’s most recent financing on March 20 was apparently set at a valuation of about $10 billion. Here is a course of events of the past assets that the organization has gotten. Flipkart, the blurb kid for Indian startup market, was begun back in the year 2007 two IIT Delhi graduates who had stopped Amazon with business person dreams. After ten years it is contending hard and…

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