Krishnamurthy was a managing director at Tiger Global until December last year in addition to serving as head of category design organization at Flipkart, a role he was entrusted with by Tiger Global in June last year. CEOs appointed by investors or investor-CEOs, as is the case with Flipkart, aren’t unheard of in start-ups backed by venture capital investors. As Tiger Global’s man inside, Krishnamurthy has the onerous job of recovering the hedge fund’s reported $1 billion investment in Flipkart to the extent possible. It could be the best shot that Tiger Global has at salvaging its investment and its reputation as a start-up investor in this market. ALSO READ | Flipkart’s management reshuffle continues as three top executives resignFor Tiger Global, the valuation markdowns are a very serious problem.

Source: Mint January 13, 2017 21:20 UTC