Krishnamurthy to remain Flipkart CEO after Walmart deal
Flipkart Chief Executive Officer Kalyan Krishnamurthy will hold on to the position after Walmart's $16-billion investment for a controlling stake in the Indian e-commerce major. Krishnamurthy took over the position in January 2017 after replacing Co-founder Binny Bansal. Meanwhile, Sachin Bansal is leaving the startup and will sell his entire stake for a reported amount of $1 billion.