Flipkart, India’s most valuable ecommerce company, has been on an expansion spree for the past 18 months, from launching healthcare and travel to boosting grocery and reselling. The common thread here is how the old-guard is steering new businesses and initiatives.
This became apparent a few months ago when Flipkart boss Kalyan Krishnamurthy elevated Nandita Sinha as the Myntra CEO. Sinha, previously a vice-president, replaced Amar Nagaram, who left the organisation last year.
“Consider it a bold promotion,” an executive told The CapTable.
Many other veterans have been moved up. Ayyappan Rajagopal, who was also a VP, took over as the Cleartrip CEO from founder Stuart Crighton in a planned transition. The online travel portal was acquired last year.
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