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…

Read More

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…

Read More