Business Today

Why Profitability Matters

In the absence of corporate governance that nurtures the interests of primary stakeholders, the entrepreneurial ecosystem will collapse.

Kalyan Krishnamurthy, Chief Executive of Flipkart, recently said, "Profitability is not the highest priority today." He was not the first bossman of a large e commerce company to say so. Neither will he be the last. But what the CEO of Flipkart and other top e commerce honchos say, goes down to the trenches and is picked up as gospel by the smaller e commerce entrepreneurs.

Recently, one of us got talking to a small e commerce entrepreneur who started an aggregator website and application some time ago. Swiggy is a great example of

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