Flipkart CEO Kalyan Krishnamurthy meets FM Sitharaman

Flipkart Chief Executive Kalyan Krishnamurthy today met Finance Minister Nirmala Sitharaman, news agency PTI reported, but the leading e-commerce firm did not provide details of the meeting.

Flipkart CEO briefed Sitharaman on the company’s work with sellers, especially SMEs. He also highlighted that Flipkart is focused on helping artisans and weavers leverage digital platforms to reach more buyers, the agency reported.

Over 3 lakh registered sellers from across the country are on Flipkart’s marketplace, with 60% coming from tier II cities and beyond. Flipkart also works with over 1.6 million kiranas across India through its wholesale business and last-mile delivery program

With over 350 million registered users across the country, the Walmart-owned e-commerce platform is investing in key categories including fashion, travel and grocery. Foraying into the social commerce space, Flipkart recently announced the launch of Shopsy, which will encourage local entrepreneurship.

Last month Flipkart raised around ₹26,806 crore in funding at a valuation of $37.6 billion, with the Walmart major owner joining SoftBank, Singapore’s GIC Pte and several sovereign wealth and pension funds.

Flipkart is reportedly working on an initial public offering (IPO), but the company has not provided a specific timeline.

Earlier this week, Walmart said its operations in markets such as India and Mexico helped drive its international business up 13% in the second quarter ended July 31.