Flipkart growing at up to 25% despite ecommerce slowdown: Group CEO Kalyan Krishnamurthy

Flipkart group CEO Kalyan Krishnamurthy told employees on Monday that the Walmart-owned ecommerce platform is seeing 20–25% year-on-year growth in orders across its group businesses in May, even as the broader ecommerce industry experiences a slowdown, people aware of the discussions said.

Speaking at a townhall, Krishnamurthy called the company’s reverse flip to India — approved by the board in April — a key step towards aligning with the country’s regulatory framework. ET had earlier reported Flipkart’s plan to shift its domicile from…