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Flipkart-Walmart deal

Contours of the Flipkart-Walmart deal

Contours of the Flipkart-Walmart deal

Thu, May 10, 2018

India's very own whizkids, Sachin Bansal and Binny Bansal have turned billionaires after selling their stake in India's top e-retailer Flipkart to US retail giant Walmart in a transaction dubbed as world's largest e-commerce deal valued at $16 bn.

Walmart's India Deal Is Admission of Defeat

Walmart's India Deal Is Admission of Defeat

Thu, May 10, 2018

Walmart Inc. might want to portray its $16 billion purchase of India's largest e-commerce firm, Flipkart Group, as a brilliant strategic move, but the truth is that the deal represents a second-best outcome- if that for Walmart as well as for Indian consumers and farmers.

Who is Kalyan Krishnamurthy, the man who revived Flipkart

Who is Kalyan Krishnamurthy, the man who revived Flipkart

Thu, May 10, 2018

Taking some risks, the 46-year-old former hedge-fund manager fired senior managers, set more-aggressive sales targets, boosted spending on promotions and promised to dominate India’s festival-season shopping. His strategy worked, and we can see the return in the mega deal. In India, online shopping is projected by Morgan Stanley to reach $200 billion within the next decade, compared with $30 billion now.

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