Flipkart chief rules out IPO timeline; Infosys names new CEO
Flipkart Group CEO Kalyan Krishnamurthy confirmed the company has no immediate plans for an IPO, emphasizing that quick commerce will be integrated into its core e-commerce marketplace rather than developed as a separate entity. This strategy contrasts with competitors like Zepto, as Flipkart aims to leverage its existing customer base for growth. Additionally, Krishnamurthy noted that the quick commerce market may face consolidation due to the high number of players currently competing.