 "Kalyan Krishnamurthy, CEO, Flipkart")
When Kalyan Krishnamurthy replaced Binny Bansal as the CEO of Flipkart, India’s largest e-commerce marketplace, a flurry of news reports suggested that private equity fund Tiger Global, which has invested over $1 billion in the company since 2010, had got into the driving seat. What was certain was that the company’s operations had slipped out of its founders, Sachin Bansal and Binny Bansal.
An operations and numbers man, Krishnamurthy was picked as CEO on the basis of his ability to look at data and rationalise costs, improve efficiency and reduce losses.
Flipkart is years away from profits as it built
