An inevitable flip

The churn in Flipkart holds a key lesson for Indian e-commerce

The change of guard at Flipkart, where Kalyan Krishnamurthy has replaced Binny Bansal as the chief executive officer (CEO), is a significant and welcome development. Mr Bansal, along with friend Sachin Bansal, had founded Flipkart in 2007. The two were hailed as the flag-bearers of the Indian e-commerce revolution, who changed forever the way Indians bought books, mobile phones and apparel. For over nine years they steered the company and now it will be run by a professional. There is some speculation that this change of guard has been prompted by the company’s upcoming listing in the United States. The