Mr.Krishnamurthy is replacing co-founder Binny Bansal, who has been elevated to the position of Group CEO. Mr. Krishnamurthy joined Flipkart in June last year as head of ‘category design organisation.’ He was hired from Flipkart’s largest investor Tiger Global, a New York-based investment firm. The company announced a new organisation structure with Flipkart Group organisation at the apex level. It would also manage capital allocation across group companies, and ensure each business has a strong CEO in place. Flipkart said that Ananth Narayanan will continue as CEO of the company’s fashion unit Myntra-Jabong and Sameer Nigam will stay on as CEO of PhonePe, a Flipkart-owned payment app.

Source: The Hindu January 09, 2017 16:41 UTC