Flipkart leadership meets FM Sitharaman amid festive push, India shift plans, and capital infusion drive

Top executives from Walmart-owned FlipkartTop Flipkart executives, including Group CEO Kalyan Krishnamurthy, Chief Corporate Affairs Officer Rajneesh Kumar, and Director of Policy Tafheem Siddiqui, met Union Finance Minister Nirmala Sitharaman in New Delhi on August 4 to discuss the their business performance and efforts to further the cause of financial inclusion in India.

The meeting comes on the backdrop of Flipkart’s plan to shift its base to India from Singapore. The e-commerce giant is amplifying operations for the festive season and also looking to expand footprint in verticals such as quick commerce, fashion, fintech, and artificial intelligence.

To support these initiatives, Flipkart Internet, the marketplace entity, has received multiple capital infusions from its Singapore-based parent. In May 2025, it secured ₹2,225 crore, marking its fourth internal funding round in just over a year. Previous rounds comprise ₹3,250 crore in April 2025, ₹1,421 crore in April 2024, and ₹950 crore in March 2024, as per regulatory filings.

Flipkart rounded off a ESOP buyback in July, which is said to have benefitted over 7,000 employees. The buyback represented around 5% of its ESOP pool.

Flipkart Minutes, their quick commerce arm, continues to expand, though delivery platforms face worker shortages ahead of the festival season.

fDespite increasing its delivery fleet by 50% over the past year, vacancy rates in key metros have reached 30%, which has had a direct effect on the operations. Flipkart’s recent capital moves and leadership outreach come as the company braces for the coming quarter and builds momentum ahead of a potential public listing.