Reality check for startups soon: Flipkart’s Krishnamurthy; down rounds can save firms: founders, CEOs
During a panel discussion at The Economic Times Startup Awards 2022 in Bengaluru on Saturday, Flipkart group CEO Kalyan Krishnamurthy said Indian startups must focus on surviving the next few months as the effects of the current funding crunch will only start to hit home in early 2023. He also said Flipkart’s IPO plans – announced last year – are on hold.