Walmart-Flipkart Merger

Hemant Badri will lead Flipkart's artificial intelligence transformation charter, as the Walmart-owned e-commerce giant intensifies its push as an 'AI-first' organization, CEO Kalyan Krishnamurthy has said in an internal e-mail. Badri - who is SVP and Head of Supply Chain, Customer Experience & Re-Commerce at Flipkart - will focus on identifying and operationalising the business use cases where Al can drive the most impact, working in partnership with Balaji Thiagarajan, who will continue to provide strategic direction for the One Tech org and lead the technology strategy and engineering efforts for an Al-native Flipkart. Krishnamurthy's note to employees, seen by PTI, emphasised the need to build on AI to "lead in next decade" as the industry landscape evolves rapidly. An e-mailed query to Flipkart for comments did not elicit a response. In his communication to staff, Krishnamurthy said: "To drive this with speed and scale, I am pleased to share that Hemant Badri will lead this ..

At least four senior Flipkart leaders, including SVP Ankit Jain, have quit amid rising cost pressures, IPO plans, and intensifying rivalry in the quick commerce space

The e-commerce company managed to achieve a 63% reduction in losses from Rs 46,895 crore ($6.6 billion) in 2018 to Rs 17,231 crore ($2.42 billion) for the financial year ending March 31, 2019.

Flipkart India's total income rose by 42.82 per cent to Rs 30,931 crore from Rs 21,657 crore

The $500-billion American retail giant has always been a cause of concern for local businesses including mom and pop stores as they feared job losses after Walmart's entry