Kalyan Krishnamurthy, the Managing Director at Tiger Global, was originally the Head of Category Design Organization. The latest replacement comes as a move to charge ahead Flipkart’s growth against fierce international rival Amazon.
Kalyan Krishnamurthy, Tiger Global’s knight in shining armour, initially took charge of several key functions in August of 2016 as the company was struggling to retain its pole position.
As per recent report, the new administration team consisting of Krishnamurthy, along with fashion unit Myntra-Jabong CEO Ananth Narayanan and payments unit PhonePe CEO Sameer Nigam, will report to Binny Bansal. Under the new role Krishnamurthy will be responsible for Flipkart P&L.
“This newly formed group organisation will focus on creating future value through a portfolio of new, high growth businesses, manage capital allocation across group companies, and ensure each business has a strong CEO in place,” said Flipkart in a statement.