Startup-Flipkart executives meet FM Nirmala Sitharaman afore India redomicile
News comes to the fore that Flipkart Group CEO Kalyan Krishnamurthy, Chief Corporate Affairs Officer Rajneesh Kumar, and Director of Policy Tafheem Siddiqui, met Finance Minister Nirmala Sitharaman
to brief her on the company’s business momentum and its efforts to drive financial inclusion across India.
The high-level meeting comes weeks after reports that Flipkart has begun groundwork to shift its base back to India from Singapore afore a planned public listing, though the timeline remains uncertain.
The company is also all set up for the festival season and its flagship Big Billion Days sale, while ramping up investments in high-growth areas such as quick commerce, fashion, fintech, and artificial intelligence.
At the same time, it is working to curb losses and accelerate hiring across verticals.
To support these ambitions, Flipkart Internet — the marketplace arm — has received multiple rounds of capital from its Singapore-based parent entity. In May, it secured Rs 2,225 crore (around $262 million), marking its fourth internal funding round in just over a year.
Earlier infusions include Rs 3,250 crore in April 2025, Rs 1,421 crore in April 2024, and Rs 950 crore in March 2024, as per regulatory filings.
Flipkart also completed a $50 million (around Rs 430 crore) ESOP buyback last month, benefiting over 7,000 current employees. The buyback represents about 5 percent of the company’s ESOP pool and underscores its focus on employee retention amid increased competition for tech talent.
The company’s rapid expansion, particularly in quick commerce through Flipkart Minutes, comes as delivery platforms face staffing shortages ahead of the festive surge. Regardless a 50 percent enhancement in fleet size over the past year, vacancy rates have touched 30 percent in key metros, leading to operational strain.
News Edit KV Raman
