Flipkart says it can hold its own against Alibaba, Amazon

Flipkart has in the past year faced a series of markdowns by its investors

Flipkart co-founder Sachin Bansal on Wednesday said Indian e-commerce companies did not have to side with either Amazon or Alibaba in the impending war of online marketplaces. 
 

“In any sector within the Internet there is an opportunity to build business. I do not think it is a necessity to side with one company or another,” Bansal said during Internet and Mobile Association of India’s 11th India Digital Summit. 
 

He said this when asked if e-commerce companies would have to choose between Amazon and Alibaba, which is expected to soon announce its entry via Paytm’s marketplace.
 

Last year, Bansal and Ola