Kalyan Krishnamurthy – a managing director at Tiger Global, which is ironically the largest investor in Flipkart – will be Head – Category Design Organisation at Flipkart, as per his LinkedIn profile. He will report directly to Chief Executive Officer Binny Bansal.
During his last stint at Flipkart starting in early 2013, he served as the head of categories and as interim chief financial officer. In November 2014, he left the company to join the Singapore office of Tiger Global.
Tiger Global is also an investor in Amazon, which has recently committed a further $3 billion in its India unit, taking its total investment in the country since mid 2014 up to $5 billion.
Since the beginning of 2016, Flipkart has seen various top level exits from the firm. Chief Product Officer Punit Soni, Chief Business Officer Ankit Nagori, Head of Seller Business Manish Maheshwari and Head of Commerce & Advertising Mukesh Bansal are some bigwigs who quit the company recently.
The churn began soon after Binny Bansal took over as CEO of Flipkart in January.
For the past few months, Flipkart is trying to regain its market share, which is in danger of being overtaken by Amazon this year unless it significantly improves its product selection, delivery times and consistency, and other parts of its business.
The company which has come under pressure from investors to cut losses and has seen several mark downs to its valuation, is finding tough to survive at a time when its rival Amazon has indicated to take over Indian e-commerce market with huge investment.