22/4/2025, 10:59:04 am

Flipkart board asks CEO Kalyan Krishnamurthy to slash spending

Flipkart's board has directed CEO Kalyan Krishnamurthy to halve the company's monthly cash burn from $40 million to $20 million as it prepares for a potential IPO in India and considers shifting its holding entity from Singapore to India. The move aims to improve financial health while expanding dark stores and competing in quick-commerce.