The Bangalore based company has recently secured $1.4 billion in funding from Tencent, eBay and Microsoft for a valuation of $11.6 billion.
Flipkart had a new CEO – for a day – on Tuesday. Padmini Pagadala, associate director, Flipkart design, was chosen from 150 employee applicants who had applied for the post of “CEO for a day”. The exercise was to familiarise employees with the challenges at different levels of the organisation. The acting CEO attended all the meetings and the real CEO, Kalyan Krishnamurthy, too attended them. She also took part in the decision-making process apart from chairing some of the meetings.
The company in an email to employees earlier had said: “As CEO you get to attend all the meetings Kalyan would, take decisions on his behalf, even send emails to the entire org! In other words, you get to be Kalyan for an entire day!”
Krishnamurthy said, “This is a fantastic opportunity for our talented Flipsters to get a taste of what it means to be CEO of a large, innovative company like Flipkart.”
The Bangalore based company has recently secured $1.4 billion in funding from Tencent, eBay and Microsoft for a valuation of $11.6 billion. The Indian e-commerce major is moving towards one big annual appraisal cycle from its existing biannual process for its employees.