Flipkart: Flipkart CEO Kalyan Krishnamurthy Asked to Cut Costs as Monthly Burn Reaches $40 Million

During a recent board meeting, Flipkart's leadership directed CEO Kalyan Krishnamurthy to significantly reduce the company's monthly cash burn from the current $40 million (₹340 crore) to around $20 million (₹170 crore), as part of its preparations for a potential IPO in India and a planned shift in its holding structure from Singapore to India. [...]