January 20, 2017 2:06 AM ET

Internet and Direct Marketing Retail

Company Overview of Flipkart Online Services Pvt. Ltd.

Company Overview

Flipkart Online Services Pvt. Ltd. owns and operates an online shopping Website in India. It provides books, movies, music, games, consoles, gaming accessories, mobiles, mobile accessories, cameras, camera accessories, computers, computer accessories, network components, software, peripherals, home and kitchen appliances, TV and video products, and personal and health care products. Flipkart Online Services Pvt. Ltd. was founded in 2007 and is based in Bengaluru, India.

AKR Tech Park

1st floor Block 'C' Krishna Reddy Industrial Area

7th Mile

Hosur Road

Bengaluru,  560068

India

Founded in 2007

Phone:

91 80 4274 9527

Fax:

91 80 3023 7000

Key Executives for Flipkart Online Services Pvt. Ltd.

Chief Executive Officer
Co-Founder and Executive Chairman
Co-Founder and Group Chief Executive Officer
Chief Operating Officer
Chief Executive Officer of Payments Unit
Compensation as of Fiscal Year 2016.

Flipkart Online Services Pvt. Ltd. Key Developments

Flipkart Reportedly Mulls IPO

Flipkart Online Services Pvt. Ltd. may see more churn with some of the top executives looking to exit the country's largest e-commerce player even as it readies itself for an IPO or a full sell-off. Sources in the company told Business Line that the Board has decided to make the company IPO-ready in 18-24 months.

Flipkart Announces Executive Changes

Former Tiger Global executive Kalyan Krishnamurthy has been named as the CEO of Flipkart in a top-level management restructuring at the online retailer, with Binny Bansal moving up to a newly created position of group CEO. Krishnamurthy had joined Flipkart in June 2016 as head of commerce unit from Tiger Global. Krishnamurthy, along with fashion unit Myntra CEO Ananth Narayanan and payments unit CEO Sameer Nigam, will report to Binny Bansal. Under the new role, Krishnamurthy will be responsible for Flipkart. Nitin Seth, current chief administrative officer, will be the COO where he will be responsible for Ekart and customer experience.

Venture Capital Firms Reportedly Eyeing Secondary Stake Sales

Sequoia Capital and Kalaari Capital are reportedly in talks to sell bulk of the their holding in multiple holding. Sequoia Capital and Kalaari Capital have begun exploratory talks for a bulk sale of their holdings, which will include stakes in multiple companies, according to three people aware of the developments. Kalaari Capital could divest some portion of its stake in prized assets such as online retailers Jasper Infotech Private Limited (Snapdeal) and Flipkart Online Services Pvt. Ltd. (Flipkart), the sources said, while Sequoia Capital is in advanced talks to sell stakes in over half-a-dozen companies in a deal that could be worth $150-200 million, according to the sources. Sequoia Capital is in talks with investors who specialise in secondary transactions, among them Landmark Partners, Inc. and Lexington Partners L.P. Sequoia Capital declined to comment. Landmark and Lexington did not reply to questions sent by email. “It is my job to look for exits, but that does not mean any deal is imminent,” said Vani Kola, Managing Director at Kalaari, declining to comment specifically on the secondary sale.

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