As Walmart-owned Flipkart is gunning for an IPO later this year, there could be challenges galore to upset the apple cart
On the regulatory side, the FDI in ecommerce policy has adversely impacted the two US giants, Flipkart and Amazon, cutting their GMVs by huge margins. The US Congressional Research Service termed this as a barrier between the two countries’ trade relations
Flipkart has a proven revenue model, lion’s share in the Indian ecommerce market, and thus would be a jackpot for US investors, believe experts
“…So, we’re not really getting hung up on the valuation in the short term. Over time, I think everybody will understand just how valuable that business in India is, whether it’s the Flipkart portion or the PhonePe portion,” Douglas McMillon, president, chief executive officer and director, Walmart, Inc
Now that we are a month into 2021 and the initial shock of the Covid-19 pandemic has worn off, public markets are buzzing and businesses seem to be entering…
