kalyan krishnamurthy

Ecommerce in India is at a nascent stage and cost structure of logistics is the biggest challenge for the segment, a top official of Flipkart said on Tuesday. Speaking at Walmart Growth Summit, Flipkart CEO Kalyan Krishnamurthy said the government has simplified taxation and adopted ease of doing business as a strategy, which is one of the factors driving growth of the ecommerce segment. "One of the biggest challenges for ecommerce alone to solve is the cost structure of logistics. India, in general is a low ticket price…

The interim budget holds the promise of propelling the nation towards its vision of ‘Viksit Bharat’ by 2047 — a developed India by the centenary of its independence. With a revised fiscal deficit target of 5.1% and higher capital expenditure, it positions India to assertively claim its position in the global economic landscape.Along with this, stability in taxes and a higher tax-to-GDP ratio will pave the way for a strong foundation for growth while adhering to fiscal prudence.Elevate Your Tech Prowess with High-Value…

Kalyan Krishnamurthy, Flipkart’s group chief executive, told employees in a town hall that the Walmart-owned ecommerce major is close to hitting profitability, helped by a significant reduction in monthly cash burn, according to people present at the meeting.While Flipkart has been working to reduce its costs for the past two years, this is the first time Krishnamurthy has spoken publicly to employees about profitability.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK…

E-commerce major Flipkart's Group CEO Kalyan Krishnamurthy said the Walmart-owned company would look at multiple geographies, including India, for its planned IPO."The listing will eventually happen. Regarding geography, we will look at multiple geographies, including India. There is no final decision on any of these aspects at this stage," Krishnamurthy told global brokerage firm Jefferies.The Flipkart IPO has been in the works since the last few years and it was earlier reported that the company is eyeing a listing on…

As the Flipkart-PhonePe separation process was formally announced on Friday, Flipkart group chief executive Kalyan Krishnamurthy sent a note to employees, informing them of “a one-time discretionary cash payout as part of the transaction” that will come their way. Employees who hold stock options in Flipkart will be paid cash equal to the value of PhonePe within those holdings, as the digital payments platform is no longer a part of the ecommerce company. “This payout will present an event for wealth creation for our…

Image Source : INDIA TV Flipkart-PhonePe Flipkart, an e-commerce giant has announced the full ownership separation of the digital payments platform PhonePe. Following the partial separation which was announced in December 2020, Flipkart and PhonePe are now established as separate entities, the company said in a statement. The PhonePe Group was acquired by the Flipkart…

E-commerce major Flipkart Group has committed to achieving net-zero carbon emissions target in its own operations by 2030 and the larger value chain by 2040, according to a statement. As part of this pledge, the Flipkart Group would take measures in its own operations to reduce 100 percent emissions by 2030 by increasing energy efficiency at its corporate office, and supply chain facilities and powering its energy needs through renewable sources, such as solar. Acknowledging that the majority of the climate impact comes…