India not immune to impact of macro-economic environment: Flipkart CEO

India cannot be isolated from the impact of the current global macro-economic environment, said e-commerce giant Flipkart’s chief executive officer Kalyan Krishnamurthy on Friday. He said the fallout of the situation is likely to be seen next year as well. This impact is related to company valuations and the funding environment.

“Can we be isolated from what’s going on in the global markets? No,” said Krishnamurthy, at Bengaluru Tech Summit during a panel discussion. “Next year, maybe by April-May, some amount of ‘moment of truth’ will come into the market. People will have to go back and raise money. At that time, we’ll have to see what happens to valuations and corrections.”