Category Archives: WalMart

How Lee Fixel, Flipkart’s godfather in New York, changed India’s start-up ecosystem – Livemint

Interesting read – don’t know much about Lee Fixel.

He made some coin on this though.

It seems to me if that if the founders were left alone on FlipKart – none of this would have ever happened.

Still remains to be seen what a post WalMart world will look like.

How Lee Fixel, Flipkart’s godfather in New York, changed India’s start-up ecosystem – Livemint

Depending on the final details, Fixel could make more than $3.5 billion on an investment of less than $1 billion, and still retain a 4-5% stake in Flipkart. That’s a stunning return by any measure. For the exit-starved Indian market, it’s almost beyond belief.

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