This is a sign of imminent down rounds at India’s unicorn startups.
Flipkart last raised cash at a valuation of $15 billion.
Krishnamurthy is left with just 3 senior leaders to steer day-to-day operations.
E-commerce sales in India were just $14-14.5B in 2016, little changed from 2015
Q & A
Ekart head Saikiran Krishnamurthy said the company would “relaunch the courier business” and tie up with offline retailers for drop-offs and pick-
Online fashion retailer Myntra, which is owned by Flipkart, reported a sharp slowdown in sales growth for the year ended March 2016, as its move to be
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