Reported By:
| Edited By: Prashant Hingorani |Source: DNA |Updated: Jan 26, 2017, 08:20 AM IST
1. Five senior personnel, including the two engineering heads, head of logistics, head of marketing and chief product officer have quit just this month.
2. Vital postions like finance and legal are unmanned. Are they having a hard time recruiting because of the company’s devaluation?
3. Binny Bansal, the co-founder, has been replaced by Kalyan Krishnamurthy, a professional CEO. The former was instrumental in the rapid rise of the company, but was replaced by somebody who used to work for Flipkart’s largest investor. Are investors taking over the operations of the company?
4. It’s valuation has been marked down by as much as 40 per cent by existing investors in one year wiping out billions of dollars of investor wealth.
5. Its losses will probably reduce this financial year, but the losses of its logistics arm are increasing. How long will investors last?
