Anirban Sen

India: Amazon indicated that it would keep investing, despite drag on profits

Amazon’s investment in India continues to be large.

India: SoftBank’s Jonathan Bullock quits boards of Ola, Snapdeal and Housing

SoftBank managing director David Thevenon is likely to replace him

India: US Vanguard Group marks down Ola valuation by 40%

This is a sign of imminent down rounds at India’s unicorn startups.

From a peak valuation of $15b, Fidelity says Flipkart is now worth only $5.6b

Flipkart last raised cash at a valuation of $15 billion.

India: Flipkart’s new CEO has his task cut out in the wake of top-level exits

Krishnamurthy is left with just 3 senior leaders to steer day-to-day operations.

Has Amazon overestimated the size of India’s e-commerce market?

E-commerce sales in India were just $14-14.5B in 2016, little changed from 2015

Flipkart’s Binny Bansal, new non-founder CEO on what the reshuffle means

On Monday, India’s most valuable Internet start-up dramatically announced a top-level management overhaul and named Kalyan Krishnamurthy as the CEO of Flipkart’s core business. The overhaul was identical to the one the company’s board had effected exactly 12 months ago, when it replaced Sachin Bansal from the hot seat and… Read more »

India: Flipkart replaces Binny Bansal with Kalyan Krishnamurthy as CEO

Flipkart has elevated former Tiger Global Management executive Kalyan Krishnamurthy as the new chief executive replacing co-founder Binny Bansal, who has been named as the group chief executive of India’s largest online marketplace. This marks the second consecutive instance in as many years when the company’s board lost faith in… Read more »

India: Flipkart logistics unit ekart plans hyperlocal push

Ekart head Saikiran Krishnamurthy said the company would “relaunch the courier business” and tie up with offline retailers for drop-offs and pick-ups.

Indian unicorns Flipkart, Snapdeal and Ola have spawned 700 startups

India’s 12 unicorns, including MakeMyTrip and Naukri (both from an earlier generation), and Myntra (acquired by Flipkart), have created a mini-army of entrepreneurs that has gone on to found 700 companies, highlighting the role of these firms in shaping the start-up ecosystem. According to data from start-up and venture capital… Read more »