The CEO who turned around Flipkart’s fortunes

Kalyan Krishnamurthy
Kalyan Krishnamurthy. Photographer: Dhiraj Singh/Bloomberg

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 Inc. was pledging $5 billion-plus to siphon away customers.

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