Last year, Flipkart announced its foray into quick commerce with Minutes to compete with players such as Zepto, Swiggy Instamart and Zomato’s Blinkit. The IPO-bound company has already initiated the shift of its domicile to India from Singapore.
In his address, Krishnamurthy also spoke about the flip back of the company and said that he was confident that they will continue to focus on profitability with a renewed emphasis on customer centricity. Last month, in a statement, Flipkart said, shifting the domicile reflects its deep and unwavering commitment to India and its remarkable growth.
“We are inspired by the Government of India’s strong vision and proactive initiatives in fostering a thriving business environment and ease of doing business, which have significantly shaped our journey. This move represents a natural evolution, aligning our holding structure with our core operations, the vast potential of the Indian economy and our technology and innovation-driven capabilities to foster digital transformation in India,” it had said.
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