Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Flipkart Group Chief Executive Kalyan Krishnamurthy on Monday said the firm was advancing preparations for a potential initial public offering (IPO) in India, which included shifting its holding company to India from Singapore.

Speaking at an internal town hall, Krishnamurthy said the company’s leadership structure is strengthening and that the steps toward relocating Flipkart’s legal base to India are progressing as planned, according to people familiar with the matter.