Kalyan Krishnamurthy

"We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time discretionary cash payout as part of the transaction," an email from Kalyan Krishnamurthy, the Flipkart CEO (chief executive officer) read.

"We are confident PhonePe will continue to scale and achieve its vision of providing financial inclusion to millions of Indians," Flipkart Group CEO Kalyan Krishnamurthy said.

Flipkart said that as of August 1, 2019, it has achieved a 25 percent reduction in single-use plastic.

Flipkart is said to have told the government the company faces the risk of "significant customer disruption" if the implementation of new curbs for e-commerce is not delayed by 6 months.

Flipkart group chief executive officer (CEO) Binny Bansal resigned on Tuesday, the e-commerce company and its parent Walmart said in a joint statement

Flipkart and Amazon both began their flagship annual sales in India on Wednesday, and will compete for shoppers during the October-December festive season.

The outlook for Indian online retailer Flipkart was decidedly gloomy when Kalyan Krishnamurthy became chief executive officer in January 2017. The startup's valuation was dropping, fundraising was more difficult and Amazon.com Inc. was pledging $5 billion-plus to siphon away customers.

34-year old Padmini Pagadala who is associate director of designs at Flipkart won the competition to take over as the CEO for the day on Tuesday.

Flipkart recently raised $1.4 billion in its biggest fundraising to date as it took on US tech giant Amazon.com Inc for a larger share of the country's burgeoning online retail market.

Subrata Mitra of Accel Partners was responding to a query whether Flipkart would focus on making profits after forging partnerships with Tencent, Microsoft and eBay.

Moto G5 Plus to be Flipkart exclusive, new Nokia 3310 pre-orders beat expectations, Nokia 8 leaks, and iPhone 8 could be named iPhone Edition.

Flipkart is said to be in discussions with Microsoft, eBay, Tencent to raise anywhere from $1.2 billion to $1.5 billion, enough to carry it through another four years.

Last summer, with Flipkart Online Services Pvt losing ground to Amazon.com Inc., Tiger sent in former EBay executive Kalyan Krishnamurthy to help turn around India's most valuable internet startup.

The highly competitive e-commerce market in India has driven players to offer steep discounts in a bid to snag market share. This in turn has raised concerns around profitability and dented valuations of many e-tailers including Flipkart.

The shake-up follows a series of valuation writedowns for Flipkart, which has seen its lead in the online market in India eaten into by global e-commerce giant Amazon.

"We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time discretionary cash payout as part of the transaction," an email from Kalyan Krishnamurthy, the Flipkart CEO (chief executive officer) read.

"We are confident PhonePe will continue to scale and achieve its vision of providing financial inclusion to millions of Indians," Flipkart Group CEO Kalyan Krishnamurthy said.

Flipkart said that as of August 1, 2019, it has achieved a 25 percent reduction in single-use plastic.

Flipkart is said to have told the government the company faces the risk of "significant customer disruption" if the implementation of new curbs for e-commerce is not delayed by 6 months.

Flipkart group chief executive officer (CEO) Binny Bansal resigned on Tuesday, the e-commerce company and its parent Walmart said in a joint statement

Flipkart and Amazon both began their flagship annual sales in India on Wednesday, and will compete for shoppers during the October-December festive season.

The outlook for Indian online retailer Flipkart was decidedly gloomy when Kalyan Krishnamurthy became chief executive officer in January 2017. The startup's valuation was dropping, fundraising was more difficult and Amazon.com Inc. was pledging $5 billion-plus to siphon away customers.

34-year old Padmini Pagadala who is associate director of designs at Flipkart won the competition to take over as the CEO for the day on Tuesday.

Flipkart recently raised $1.4 billion in its biggest fundraising to date as it took on US tech giant Amazon.com Inc for a larger share of the country's burgeoning online retail market.

Subrata Mitra of Accel Partners was responding to a query whether Flipkart would focus on making profits after forging partnerships with Tencent, Microsoft and eBay.

Moto G5 Plus to be Flipkart exclusive, new Nokia 3310 pre-orders beat expectations, Nokia 8 leaks, and iPhone 8 could be named iPhone Edition.

Flipkart is said to be in discussions with Microsoft, eBay, Tencent to raise anywhere from $1.2 billion to $1.5 billion, enough to carry it through another four years.

Last summer, with Flipkart Online Services Pvt losing ground to Amazon.com Inc., Tiger sent in former EBay executive Kalyan Krishnamurthy to help turn around India's most valuable internet startup.

The highly competitive e-commerce market in India has driven players to offer steep discounts in a bid to snag market share. This in turn has raised concerns around profitability and dented valuations of many e-tailers including Flipkart.

The shake-up follows a series of valuation writedowns for Flipkart, which has seen its lead in the online market in India eaten into by global e-commerce giant Amazon.