Walmart International spent $16 billion to go big in India. CEO Judith McKenna has to make it work – CNN
Was talking to a friend about India and VC – one thing we all agree on is that the monster exit of Flipkart has done wonders for the scene. Lots of people made money and it is going to new firms and new startups which helps to compete with the old guard. More foreign funds will pay attention now knowing exits can and will happen.
However – making investors, founders and employees rich has nothing to do with Walmart turning Flipkart into a money machine.
On this part -I think they will struggle long-term against Amazon.
Get the popcorn.
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.