‘We want large parts of our portfolio to turn cash flow positive in 1224 mths’
It’s been an eventful start to the year for Flipkart Ltd. In January, India’s most valuable Internet startup named a new chief executive, replacing co-founder Binny Bansal with Kalyan Krishnamurthy, a representative of Flipkart’s largest investor Tiger Global Management. This week, it secured $1.4 billion in fresh capital from three technology companies, Tencent, eBay and Microsoft and agreed to buy eBay’s small India business. Flipkart is also in talks to buy smaller rival Snapdeal. In an interview, Binny Bansal, Flipkart Group CEO, talks about how the company will use funds and on the perception that Flipkart is an investor-run company. Edited excerpts: As is the case in general, we keep talking to investors. There continues to be a very strong investor interest, especially now. We’ll continue to selectively assess all the options. on customers and really building great talent. We want to continue to do the same over the next 10 years.
I think we are looking at a different view on that. We definitely want large parts of our portfolio – mobiles, large appliances and fashion -- to become cash flow positive in the next 12-24 months.