Who is Kalyan Krishnamurthy, the man who revived Flipkart
Taking some risks, the 46-year-old former hedge-fund manager fired senior managers, set more-aggressive sales targets, boosted spending on promotions and promised to dominate India’s festival-season shopping. His strategy worked, and we can see the return in the mega deal. In India, online shopping is projected by Morgan Stanley to reach $200 billion within the next decade, compared with $30 billion now.
The man credited behind the buyout is Kalyan Krishnamurthy, who became chief executive officer of Flipkart in January 2017, when outlook for the Indian online retailer was gloomy. Image source: Twitter