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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Ola founder Bhavish Aggarwal fights to avoid Flipkart’s fate

bhavishaggarwalola

In dealing with investors, Ola’s Bhavish Aggarwal has been ahead of the curve compared with other top entrepreneurs Bengaluru: It is well-known that Ola co-founder and chief executive Bhavish Aggarwal used to obsessively track the strategy and tactics deployed by Travis Kalanick, the co-founder of Uber. What isn’t that well-known is that the goings-on at Ola’s neighbour, Flipkart, and Snapdeal have left more of a mark on Aggarwal. Flipkart and Ola count SoftBank Group Corp. and Tiger Global Management as their two largest shareholders. After several missteps by co-founders Bansals, investors…

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How Two NIFT Students 21-year-olds made Rs 20 crore in 2 years By Selling T-Shirts

Young Trendz

Praween KR (from Bihar) and Sindhuja K (from Hyderabad) were students when the entrepreneurial bug bit. In their seventh semester of the knitwear design bachelor’s course at National Institute of Fashion Technology, Chennai, the duo decided that they wanted to do something of their own, on their own. It was 2015, and e-commerce was making a lot of noise. The duo decided to go with the flow; they started their own online clothing brand, Young Trendz, in September with an investment of Rs 10 lakh. In two months, they had…

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Snapdeal in talks with rivals Flipkart, Paytm for potential sale: Report

Snapdeal in talks with rivals Flipkart, Paytm for potential sale: Report

Online marketplace Snapdeal is in chats with household rivals Paytm E-Commerce Pvt Ltd and Flipkart for a potential deal, Indian every day business daily paper Mint investigated Wednesday, refering to sources. In any case, a Snapdeal representative prevented the report from claiming deal converses with Paytm and Flipkart, as per the daily paper. “Your data is wrong and without premise. We are gaining conclusive ground in our excursion towards gainfulness and every one of our endeavors are adjusted toward this path”, the representative said in an email to Mint. Japan’s…

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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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