IPO-bound Flipkart ropes in former Bain partner as head of strategy

Dinkar Ayilavarapu

Flipkart has appointed a former partner at management consulting firm Bain & Co. Dinkar Ayilavarapu as its new head of strategy in a key hire by the Walmart-owned e-commerce firm.

In an internal mail to employees on Sunday, Flipkart Group CEO Kalyan Krishnamurthy said Ayilavarapu is joining as vice-president, corporate strategy.

“In this role, Dinkar will report to me and lead the corporate strategy team working closely with our business leaders to further strengthen our vision and OKR planning. The business strategy and business transformation teams will continue to be part of the corporate strategy team,” Krishnamurthy said.

Mint has reviewed a copy of the email.

Ayilavarapu has worked at Bain for 14 years in their India, New York, and South Africa offices and was a part of their technology, media, telecom, and M&A practices. He has also worked with ITC Ltd and Accenture Plc.

As Walmart Inc.’s Indian unit readies itself for an initial share sale to take advantage of booming online sales that has boosted valuations, it has been making a number of appointments and changes in leadership roles.

In March, it appointed former Unilever Plc executive Hemant Badri as senior vice-president, supply chain. Amitesh Jha, who was leading the Ekart-Myntra Supply Chain and Jeeves-F1 operations was assigned a new role in category design operations (CDO) and marketing, merchandising, and monetization (M3) organization, where he will oversee the consumables, customers, and marketing charters.

Ranjith Boyanapalli, senior vice-president, fintech and payments group will take on additional responsibilities of customer experience (CX), marketplace, and the central liquidation team (CLT).

In December, the e-commerce firm had made several changes to its board, including naming group chief executive officer Kalyan Krishnamurthy as a director.

Keki Mistry, vice-chairman, and chief executive of mortgage lender Housing Development Finance Corp. Ltd (HDFC); Walmart’s chief technology officer Suresh Kumar; and Leigh Hopkins, executive vice-president of strategy and development for Walmart International, also joined Flipkart’s board.

This article was first published on livemint.com.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.