Domicile shift key step in aligning closely with India’s economy, six-fold increase in investments in AI this year: Flipkart CEO

Flipkart CEO Kalyan Krishnamurthy in an address to employees on Monday spotlighted the company’s growth momentum and focus on future readiness as he termed the e-commerce giant’s planned domicile shift to India as a significant step toward aligning more closely with the economic and regulatory landscape here. At an internal ‘Flipster Connect’ event on Monday, the top honcho of the IPO-bound company talked about a 6-fold increase in investments in AI this year. He mentioned that Flipkart has initiated the flip back of the company and reaffirmed the team’s focus on profitability with a renewed emphasis on customer centricity.