KALYAN KRISHNAMURTHY
Why Walmart would rather keep Flipkart private, for now
Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options.
Forget IPO, cash us out: Flipkart alumni press Walmart again
Former executives asked Flipkart parent Walmart to delink their liquidity from the Bengaluru-based ecommerce company’s proposed initial public offering, according to people aware of the development. They raised the demand in a fresh email sent earlier this week to the US retail major’s board, the people said.
Flipkart ex-staff push for Esop buyout; Wipro, Tech Mahindra’s Q2 report
Happy Friday! Former Flipkart employees are asking Walmart to cash out their vested stock options. This and more in today’s ETtech Morning Dispatch.
ETSA 2026: Over a decade on, India's startup story is only getting started
The 12th edition of The Economic Times Startup Awards (ETSA) captured this transition, reflecting an ecosystem that has moved beyond the race for scale to pursue technological depth, durable businesses and international markets.
Former Flipkart group employees launch petition seeking inclusion in proposed $2 billion Esop buyback
On October 10, a group of former executives launched a petition aiming to bring together 20,000-30,000 former employees of Flipkart and its group companies, including Myntra, Cleartrip, Shopsy, Super Money and ANS Commerce. The petition calls for their inclusion in the planned $2 billion Esop buyback.
Flipkart alumni seek Esop buyout; Local sourcing for ISM 2.0
Former Flipkart executives are seeking a full cash-out of vested Esops. This and more in today’s ETtech Top 5.
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ET Exclusive: Flipkart’s former suites write to Walmart board, seek fair treatment and full cash out of vested ESOPs
A group of former senior Flipkart executives has urged Walmart to buy back their vested stock options. This request comes after the company's plans for an initial public offering have been postponed again. Recent leadership changes at Flipkart have highlighted ongoing tensions between former executives and current management. The signatories argue that those who contributed to Flipkart's success deserve liquidity opportunities.
Habuild CEO on user loyalty; Flipkart Minutes gets its own app
Happy Thursday! Habuild CEO Saurabh Bothra said repeat users are helping the company drive growth. This and more in today’s ETtech Morning Dispatch.
Flipkart's new Minutes app; Anthropic employee sounds alarm
Flipkart has launched a standalone app for its quick commerce unit Minutes. This and more in today’s ETtech Top 5.
Flipkart launches standalone Minutes app, rolls out food delivery pilot ahead of BBD sale
Flipkart has launched a standalone app for its quick commerce arm Flipkart Minutes, ahead of its Big Billion Days sale. The company is also piloting food delivery service ‘Eat In’ with a select group of employees. This comes as Flipkart’s MAU share declined as customers shift to quick commerce platforms.
Flipkart to launch food delivery pilot in August: Kalyan Krishnamurthy
ET had first reported in February about Flipkart’s plans to foray into an industry dominated by Eternal-owned Zomato and Swiggy. On Friday, Eternal’s shares were down 2.3% at Rs 280 on the BSE, while Swiggy’s stock was down 3.9% at Rs 251.40.
Flipkart CEO Kalyan Krishnamurthy meets West Bengal CM Suvendu Adhikari, discusses digital commerce growth plans
Kalyan Krishnamurthy, the CEO of Flipkart, engaged in a significant dialogue with West Bengal's Chief Minister Suvendu Adhikari. Their agenda included initiatives to elevate digital commerce and foster entrepreneurship within the state. They examined potential support strategies for MSMEs, artisans, and farmers, aiming to harness technology's power to expand market reach and reaffirm West Bengal's commitment to economic development.
CEO Krishnamurthy spotlights GST booster to consumption as Flipkart preps for annual flagship sale
Flipkart Group CEO Kalyan Krishnamurthy emphasized that GST reforms are vital for boosting consumption and inclusion, predicting that revised slabs will increase purchasing power and empower sellers. He noted Flipkart's strong growth, with a fourfold increase in units sold and a 1.3 times expansion in product selection.
Flipkart growing at 20-25% annually despite broader ecommerce slowdown: Group CEO Kalyan Krishnamurthy
Flipkart is experiencing strong momentum with 20–25% year-on-year order growth in May, despite an industry slowdown. CEO Kalyan Krishnamurthy highlighted the firm’s India re-domiciling move, profitability push, and 30% projected June growth. He also reaffirmed that Flipkart’s quick commerce venture, Minutes, aims to scale up to 800 operational dark stores by the close of 2025.
Flipkart’s chief product, technology officer Jeyandran Venugopal steps down
Flipkart’s chief product and technology officer, Jeyandran Venugopal, will exit after eight years. He contributed significantly to product management. A transition plan will be executed over the next three months. Sandeep Karwa, a vice-president at Flipkart, is also leaving the firm, according to a post by him on LinkedIn.
Flipkart CEO Kalyan Krishnamurthy confirms SVP exits in communication to staff
Flipkart CEO Kalyan Krishnamurthy told his staff in an internal communication that Cleartrip’s head Ayyappan R, marketplace and categories leader Amitesh Jha, fintech and payments head Dheeraj A, and growth and retention head Bharath Ram are exiting the firm. ET first reported about this on Tuesday.
Reality check for startups soon: Flipkart’s Krishnamurthy; down rounds can save firms: founders, CEOs
During a panel discussion at The Economic Times Startup Awards 2022 in Bengaluru on Saturday, Flipkart group CEO Kalyan Krishnamurthy said Indian startups must focus on surviving the next few months as the effects of the current funding crunch will only start to hit home in early 2023. He also said Flipkart’s IPO plans – announced last year – are on hold.
Flipkart appoints JPMorgan’s Saroj Panigrahi as general counsel ahead of IPO
Bijoya Roy, who has led Flipkart’s legal operations since January 2019 will transition to the role of vice president and will report to Senior Vice President Saroj Panigrahi.
Our focus remains on pure-play ecommerce: Flipkart's Kalyan Krishnamurthy
Krishnamurthy said the Bengaluru-based company will deploy most of its investments and resources into winning commerce with a focus on value consumers and the lower end of the market.
Flipkart CEO mails staff on change of plans
“We respect the decision because the government has many complex scenarios to manage while protecting more than a billion people in the country,” Krishnamurthy wrote in an email to employees. ET has reviewed a copy of the email.
Flipkart's head of fashion Rishi Vasudev quits
Earlier this year, Vasudev was promoted to senior vice president at Flipkart and was given the additional role of managing Myntra following Narayanan's departure.
Binny Bansal & Kalyan Krishnamurthy promise more 'Big Billion Days'
“While Kalyan has been responsible for turning around the flagship business at Flipkart, Binny is critical to retaining the leadership at both Myntra and PhonePe and driving those businesses.”
Flipkart's old-timer Jha to head Ekart
The e-commerce major's erstwhile COO Nitin Seth was heading Ekart till he was asked to leave abruptly in May.
Flipkart to showcase its operations to customers
An internal jury at Flipkart will choose 20 such participants, based on their responses on why should they be given access to Flipkart offices.
Krishnamurthy takes charge of Flipkart HR
Chief executive to handle human resources department at India's largest ecommerce co for now.
Flipkart employee will get to be CEO for a day
The acting-CEO-for-a-day will get to attend all the meetings the actual CEO, Kalyan Krishnamurthy, attends and also take decisions.
Restructuring at Flipkart continues, three top-level executives resign
A day after top level restructuring, new CEO Kalyan Krishnamurthy starts building his team of top executives primarily consisting of company veterans.
Kalyan Krishnamurthy to be Flipkart's new CEO; Sachin Bansal to remain group chairman
The move comes a year after a reorganisation where Binny Bansal took over as CEO. Firm elevates Binny as group CEO; Sachin to remain as group chairman.
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