Flipkart CEO makes first solo investment in B2B e-commerce firm Moglix

Flipkart chief executive officer (CEO) Kalyan Krishnamurthy has invested an undisclosed sum in business-to-business (B2B) industrial goods marketplace Moglix, in what comes as the first solo investment by the top executive.

Krishnamurthy joins Moglix’s individual investors — a notable list that includes Tata Group chairman-emeritus Ratan Tata, Jeff Epstein, former chief financial officer at Oracle, and Vikrampati Singhania and Shailesh Rao, ex-vice presidents at Twitter and Google, respectively, among others.

It is not immediately clear whether Krishnamurthy will take an advisory role at Moglix or if the deal is a precursor to a potential business alliance between Moglix and Flipkart, India’s largest business-to-consumer e-commerce firm.