What the Walmart-Flipkart deal means for the Indian e-commerce sector
Updated : May 31, 2018 08:49 AM IST
Amazon’s acquisition of Flipkart is proof that a bunch of young entrepreneurs can build a business from scratch, scale it up to the biggest opportunity in Asia and eventually lure one of the largest company’s in the world to buy it.
Critics and pundits who carped about Flipkart’s “discounting” model of growth will now have to re-evaluate if their old model of “profits and multiples of profits” is the only way to measure the success or failure disruptive companies.
The acquisition also validates the fact that despite the logistical challenges a large and diverse country like India can throw up, desi startups that truly innovate on global tested models can survive and thrive in India.
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