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Krishnamurthy elevated as the new CEO of Flipkart
In a major announcement, Flipkart has announced elevation of Krishnamurthy to the position of company CEO.

As Flipkart CEO, Krishnamurthy will be responsible for the whole of Flipkart's retail business. Present CEO of Flipkart, Binny Bansal, has been promoted as the CEO of the new Flipkart Group organisation.

Krishnamurthy was serving as the chief of Category Design Organisation in the company where he focused on electronics, fashion and large appliances.

"2016 has been truly an extraordinary year for Flipkart," Binny Bansal said in an emailed statement.

"We are now ready to build the Flipkart of the future as we continue on our journey of transforming commerce in India through technology. I am confident that this new organisation structure will deliver further value for Flipkart group," Bansal added.

Krishnamurthy joined Flipkart from Tiger Global, the e-commerce firm's largest investor with a share of about 30-33 per cent in the company. He had earlier served as the interim CFO and sales of the company but reportedly left after clashes with Sachin Bansal in 2014.

Krishnamurthy had been recently credited for bringing Motorola and Xiaomi back to Flipkart along with success of the Big Billion Day Sale in October 2016.

Flipkart has been involved with a bitter war with its major rival Amazon. Amazon's founder and CEO Jeff Bezos, announced last year that the company will increase its investments into India from $2 billion to $5 billion.

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