Kalyan Krishnamurthy

Timelines
Flipkart buys Walmart India, foraying into online wholesale

23 Jul 2020

Flipkart buys Walmart India, foraying into online wholesale

In a major move, homegrown e-commerce giant Flipkart has acquired Walmart India.

Amid lockdown, Flipkart to resume delivery of essential goods

26 Mar 2020

Amid lockdown, Flipkart to resume delivery of essential goods

A day after announcing the suspension of all its services in compliance with the lockdown put in place by the Indian government, Flipkart has taken the decision to resume operations to some extent.

Worried Flipkart wants six-month delay in implementing new e-commerce rules

29 Jan 2019

Worried Flipkart wants six-month delay in implementing new e-commerce rules

American retail giant Walmart-owned Flipkart has written to the government that it faces "the risk of significant customer disruption" if the deadline for implementing the new e-commerce curbs, which could cause huge disruption in the space, isn't extended by six months.

Myntra and Jabong CEO Ananth Narayanan resigns; may join Hotstar

14 Jan 2019

Myntra and Jabong CEO Ananth Narayanan resigns; may join Hotstar

After some rounds of speculation, it has been confirmed that Ananth Narayanan, CEO of Flipkart-owned Myntra and Jabong, has left his post in pursuit of other opportunities.

To take on Amazon Prime, Flipkart may venture into video-content

21 Dec 2018

To take on Amazon Prime, Flipkart may venture into video-content

Soon, you may see video content offerings from Flipkart, one of the leading e-commerce players in the country.

Ananth Narayanan is happy as Myntra's CEO, won't quit

16 Nov 2018

Ananth Narayanan is happy as Myntra's CEO, won't quit

Ananth Narayanan, the CEO of Myntra, dismissed reports of his resignation on Friday saying he was happy at the fashion e-tailer.

Days after Binny Bansal's exit, Myntra CEO and CFO quit

16 Nov 2018

Days after Binny Bansal's exit, Myntra CEO and CFO quit

A few days after Flipkart co-founder Binny Bansal resigned from the company on charges of personal/sexual misconduct, Myntra CEO and CFO have quit.

Binny Bansal out of Flipkart: Some conjectures, many unanswered questions

14 Nov 2018

Binny Bansal out of Flipkart: Some conjectures, many unanswered questions

In more ways than one, Flipkart is India's biggest start-up success story. The company and its founders are (still) the quintessential Indian dream - owners' pride, and everyone else's envy.

Why co-founder Binny Bansal resigned from Flipkart

14 Nov 2018

Why co-founder Binny Bansal resigned from Flipkart

Flipkart's co-founder Binny Bansal stepped down from the Walmart-owned company on Tuesday, and now a report claims an investigation into the accusations of misconduct found that he had a consensual affair with the woman.

Binny Bansal resigns as CEO of Flipkart Group: Details here

13 Nov 2018

Binny Bansal resigns as CEO of Flipkart Group: Details here

Flipkart co-founder Binny Bansal has resigned as the CEO of the Flipkart Group, following an investigation into allegations of "serious personal misconduct" against him.

Flipkart might replace Binny Bansal as group CEO

24 Sep 2018

Flipkart might replace Binny Bansal as group CEO

Walmart-owned Flipkart is contemplating separating the responsibilities of chairman and group CEO, and is likely to replace Flipkart co-founder Binny Bansal as the group CEO.

#EndOfAnEra: Flipkart to shutdown eBay.in in August

24 Jul 2018

#EndOfAnEra: Flipkart to shutdown eBay.in in August

According to ToI, Flipkart is all set to shutdown one of India's oldest e-commerce sites, eBay.in, marking the end of an era.

Really sad to see Sachin leave Flipkart: Co-founder Binny Bansal

10 May 2018

Really sad to see Sachin leave Flipkart: Co-founder Binny Bansal

They were considered the "Jai-Veeru" of the Indian start-up panorama, and when one decided to finally exit the company they founded 11 years ago it was really a sad moment for the other.

Walmart buys 77% stake in Flipkart for $16 billion

09 May 2018

Walmart buys 77% stake in Flipkart for $16 billion

The cat is finally out of the bag - Walmart Inc. has announced its acquisition of India's leading e-commerce platform, Flipkart, for a whopping $16bn, taking 77% stake. This makes it the world's most expensive e-commerce acquisition, so far.

The Flipkart dream: Move aside, make room for nerds

09 May 2018

The Flipkart dream: Move aside, make room for nerds

When as a child you were told by your parents to chase the IIT dream, they were not wrong.

Flipkart opens new consolidated office space in Bengaluru

09 Apr 2018

Flipkart opens new consolidated office space in Bengaluru

Flipkart has opened a new office space in Embassy Tech Village, Bengaluru, which is a consolidation of all of its previous 11 campuses in the city.

Flipkart's Singapore parent infuses Rs. 4,500cr into India wholesale arm

03 Mar 2018

Flipkart's Singapore parent infuses Rs. 4,500cr into India wholesale arm

Flipkart India has raised Rs. 4,472cr from its Singapore-based parent company for its wholesale unit, its single largest fund infusion in past years.

Flipkart's AI push: E-tailer investing millions of dollars for AIforIndia

21 Dec 2017

Flipkart's AI push: E-tailer investing millions of dollars for AIforIndia

Indian e-commerce giant Flipkart is gearing up to bolster its push into the field of Artificial Intelligence by creating an internal unit "AIforIndia", as part of its efforts to put AI and machine learning at the core of its businesses.

eBay closes sale of India arm to Flipkart

01 Aug 2017

eBay closes sale of India arm to Flipkart

Four months after announcement of the sale, Flipkart has closed the acquisition of eBay's India arm.

Flipkart launches budget brand 'Billion' for desi sellers and customers

01 Aug 2017

Flipkart launches budget brand 'Billion' for desi sellers and customers

Flipkart has launched 'Billion'- a 'Make-in-India'-inspired initiative that will partner with Indian sellers to cater to Indian customers.

Flipkart may see the return of Bansals at the helm

11 Jul 2017

Flipkart may see the return of Bansals at the helm

Rumors are afloat that with the proposed deal with SoftBank Group Corp, Flipkart will see the return of Sachin and Binny Bansal, co-founders of the company, to their former glory.

Flipkart eyes new avenues, entry in Fintech, more tech hires

09 Jun 2017

Flipkart eyes new avenues, entry in Fintech, more tech hires

India's home-grown e-commerce platform Flipkart is looking forward to taking the next big leap; the firm is poised to include new categories such as furniture and groceries in its foray.

Flipkart to replace CEO for a day

25 Apr 2017

Flipkart to replace CEO for a day

Flipkart is planning to replace its CEO for one day, to give an employee the opportunity to see how it feels to run the company. It is a part of the company's 10th anniversary celebration.

Flipkart raises investments from Tencent, Microsoft; buys eBay.in

10 Apr 2017

Flipkart raises investments from Tencent, Microsoft; buys eBay.in

Flipkart has raised investments worth $1.4bn from Tencent, eBay and Microsoft, at a post-transaction valuation of $11.6bn.

Flipkart secures $1 billion in funding, eyes $1 billion more

21 Mar 2017

Flipkart secures $1 billion in funding, eyes $1 billion more

Flipkart manages to secure $1billion in funding in a bid to stay ahead of the competition.

New CFO-backed Flipkart returns to the game

26 Feb 2017

New CFO-backed Flipkart returns to the game

India's largest online retailer Flipkart is looking at a fundraising of as much as $1.5 billion from investors including Microsoft, eBay, PayPal among others at a valuation of $10-12 billion.

Flipkart's internet arm sees losses double to touch Rs.2,306 crore

28 Nov 2016

Flipkart's internet arm sees losses double to touch Rs.2,306 crore

After scripting massive expenditures in an attempt to combat the rising rivalry from Amazon, Flipkart's internet division, Flipkart Marketplace saw its losses double to Rs.2,306 crore for the financial year that ended on 31 March, 2016.