As part of his additional role, Venkataraman will head the logistics vertical Ekart, the marketplace and the retail vertical.
The funding makes Byju’s the fourth most valuable startup in India, after Paytm (One97 Communications Pvt. Ltd), Ola and budget hotel chain Oyo Rooms.
While Zomato has announced purchase of drone startup TechEagle, Swiggy is in early talks with several companies for possible acquisitions.
The company has so far raised over $100 million from investors including Accel Partners, Sands Capital and Tiger Global.
Such large rounds of capital are also pushing up valuations of start-ups to stratospheric levels.
In February, the company raised $51 million in a series D round from investors, including Goldman Sachs Group and UC-RNT Fund.
With Flipkart’s umbilical cord with its founders truly severed, Flipkart is dependent at the senior level on Krishnamurthy.
Prior to the Walmart buyout, Flipkart had largely operated without the bureaucratic, process-driven trappings of a large listed company.
In May, Walmart agreed to buy a 77% stake in online retailer Flipkart for $16 billion.