Flipkart, Tiger Global’s unlikely burden4 min read . Updated: 14 Jan 2017, 04:08 AM IST
Kalyan Krishnamurthy as Flipkart CEO is may be aimed at dressing up the firm for a future sale, perhaps the best shot that Tiger Global has at salvaging its investment
Late last October, Sandeep Singhal, a co-founder at Mumbai-based venture capital firm Nexus Venture Partners, unwittingly pronounced e-commerce company Flipkart’s epitaph. At the close of a panel discussion in Bengaluru, Singhal remarked, in jest: “Effectively what we (venture capital investors) did is collectively spend $2-3 billion on educating the Indian consumer on how to use Amazon…" This week, the Flipkart that started up a decade ago in a two-bedroom apartment in Bengaluru and became the flag-bearer of the current generation of homegrown Internet start-ups, died.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more