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Flipkart Appoints Kalyan Krishnamurthy As Interim CFO


E-commerce major Flipkart has appointed Tiger Global’s Kalyan Krishnamurthy as its interim Chief Financial Officer (CFO), while it is still on the look out for a new full time CFO, reports TechCircle. Remember that Tiger Global is an investor in Flipkart, having invested $31 million in two different rounds in 2010 and 2011 and participated in the Naspers-led $150 million funding round in August 2012.

Prior to this appointment, Krishnamurthy served as the Director (Finance -Portfolio companies) at Tiger Global for two years. He has also served as the Director (Financial Planning & Analysis) at eBay Asia Pacific and Country Finance Manager at eBay South East Asia and has had stints at Proctor & Gamble.

In February 2013, Flipkart’s then CFO Karandeep Singh has resigned from the company citing personal reasons. He was with the company for only a year, after joining Flipkart in January 2012.

Last month, Flipkart had launched its marketplace platform and had claimed to have signed up 50 sellers across books, media, and consumer electronics categories at launch.

It had also started accepting International cards for payments by partnering with Cybersource, while it had restricted users to make use of the new wallet top-ups to transactions only on its digital goods store Flyte. Flipkart had informed Medianama that this was a temporary change until the company secures the requisite government approvals to run a marketplace wide wallet. YouTube India has also started integrating purchase links to Flipkart’s Flyte and Apple’s iTunes on select videos.

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