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E-commerce

Flipkart CEO Plays Down Amazon Threat

Flipkart CEO Kalyan Krishnamurthy took the helm of India’s homegrown e-commerce company in January, about six months after Jeff Bezos pledged Amazon would invest $5 billion in its India business. But Mr. Krishnamurthy claims to be unconcerned about Amazon. “Committing a lot of money doesn’t matter,” he said.

Amazon in the past couple of years built a substantial presence in India and eroded Flipkart’s dominance. But Mr. Krishnamurthy suggested that today Flipkart has beaten back Amazon, asserting that while “a year back” he would have said his goal was to “gain disproportionate share,” that is “behind us.” He was speaking in an exclusive interview with The Information while on a brief visit to San Francisco this week. 

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