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Flipkart will become Walmart today: Is that really good news for India?

The sale of Flipkart is not just the sale of one company. It is the beginning of a new tomorrow. It is just that one cannot be sure whether that tomorrow will be better for India than today

Topics
Walmart Flipkart Deal  |  Walmart  |  Flipkart

Sandeep Goyal 



Walmar, Flipkart
Representative Image

When Carl Douglas McMillon, president and chief executive officer of Inc, arrives at the Embassy Tech Village headquarters of in Bengaluru later on Wednesday to acquire India’s first-to-a-billion-dollars-startup, he will be accompanied by International’s Judith McKenna and CEO (commerce) Marc Lore. It will be a triumphal return to India for the Bentonville, Arkansas-based retailer which will be partnering Google’s parent Alphabet Inc in a deal estimated at $18-20 billion enterprise value – will own about 60 per cent stake, and Alphabet will get to own about 15 per cent of the online market place.

Disclaimer: Views expressed are personal. They do not reflect the view/s of Business Standard.

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First Published: Wed, May 09 2018. 11:31 IST

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