After Moglix, Flipkart CEO Kalyan Krishnamurthy bets big on UrbanClap

Flipkart Chief Executive Officer (CEO) Kalyan Krishnamurthy has put Rs 1.6 crore in UrbanClap, the Gurugram-based home services start-up, company filings sourced from business intelligence platform paper.vc showed.

Krishnamurthy, a former Tiger Global top executive, will also act as an advisor to UrbanClap, a source with direct knowledge of the development said.

In March, Krishnamurthy had invested in B2B e-commerce firm Moglix in a similar fashion. It is not immediately clear whether the investments are a precursor to potential business partnerships between Flipkart and either of Krishnamurthy’s investee companies, but the new deal lays bare his strategy to back companies with a proven e-commerce track records.

UrbanClap declined to comments for the story while Krishnamurthy could not be immediately reached for his comments.