Flipkart will invest more in offline firms, says CEO Kalyan Krishnamurthy

Within days of announcing investments in Aditya Birla Fashion and Retail Ltd (ABFRL),  e-commerce major Flipkart has said it’s  exploring strategic funding in multiple offline retailers and technology companies. The Walmart-owned firm is looking at an online-offline business combination, quite like rivals Amazon and Reliance JioMart. Flipkart Group Chief Executive Officer (CEO) Kalyan Krishnamurthy told Business Standard that the firm would consider making additional investments in entities which are built on strong ethics, values, culture and have complementary cap.....

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