Stradlater Posted May 9, 2018 Share Posted May 9, 2018 US based retail giant Walmart has closed the largest e-commerce deal in the world by acquiring a majority stake in the Indian e-commerce platform Flipkart, SoftBank CEO Masayoshi Son has confirmed. According to reports, Walmart will acquire 71% stake in Flipkart for $15 billion, valuing the homegrown startup at around $20 billion. Link to comment Share on other sites More sharing options...
Singh bling Posted May 9, 2018 Share Posted May 9, 2018 The new business model of world , just create brand of yours by giving huge discounts and then sell business to some big MNC Sachinism 1 Link to comment Share on other sites More sharing options...
Garuda Posted May 9, 2018 Share Posted May 9, 2018 and then there wont be any new business to create. what happens then. Link to comment Share on other sites More sharing options...
velu Posted May 9, 2018 Share Posted May 9, 2018 both bansals are going home with 1 billion dollars sarcastic 1 Link to comment Share on other sites More sharing options...
Garuda Posted May 9, 2018 Share Posted May 9, 2018 47 minutes ago, BeardedAladdin said: An indian company can't even get a foothold in the Indian market. How sad. E commerce isn't a big percentage of total retail in India, so it isn't as bad as it looks. but the death of indigenous business is never a good thing. You don't want foreigners controlling all the business done in your country. many indians don't mind being slaves though. Most people fall in for cheap prices at the start. Then the price climbs as the competitors go down. Its a failure on both parties of commerce - seller and buyer Link to comment Share on other sites More sharing options...
jusarrived Posted May 10, 2018 Share Posted May 10, 2018 17 hours ago, velu said: both bansals are going home with 1 billion dollars So will the govt , heard they will be paying capital gains tax Link to comment Share on other sites More sharing options...
jusarrived Posted May 10, 2018 Share Posted May 10, 2018 18 hours ago, BeardedAladdin said: An indian company can't even get a foothold in the Indian market. How sad. E commerce isn't a big percentage of total retail in India, so it isn't as bad as it looks. but the death of indigenous business is never a good thing. You don't want foreigners controlling all the business done in your country. many indians don't mind being slaves though. I agree with rest of the post , but can you explain the bolded part ..how do you infer that from this deal ? Link to comment Share on other sites More sharing options...
jusarrived Posted May 10, 2018 Share Posted May 10, 2018 On 5/9/2018 at 3:22 PM, Singh bling said: The new business model of world , just create brand of yours by giving huge discounts and then sell business to some big MNC Thats actually old , these days you dont get valuations unless you are profitable almost from day one ..thats why you see a lot of startups winding up . Link to comment Share on other sites More sharing options...
jusarrived Posted May 10, 2018 Share Posted May 10, 2018 Nasper seems to have these knack of identifying good business and cashing out at the right time , they invested ~$600m in Flipkart five years back and take home cool ~$2.2 billion . Link to comment Share on other sites More sharing options...
velu Posted May 10, 2018 Share Posted May 10, 2018 28 minutes ago, jusarrived said: So will the govt , heard they will be paying capital gains tax if they encash the shares , they have to pay 10% LTCG .. one of the bansal is reataining his 5.5% shares Link to comment Share on other sites More sharing options...
Singh bling Posted May 10, 2018 Share Posted May 10, 2018 3 hours ago, jusarrived said: Thats actually old , these days you dont get valuations unless you are profitable almost from day one ..thats why you see a lot of startups winding up . Flipkart is huge loss making Link to comment Share on other sites More sharing options...
jusarrived Posted May 10, 2018 Share Posted May 10, 2018 (edited) 7 minutes ago, Singh bling said: Flipkart is huge loss making FlipKart is not a startup anymore , its more than a decade old company in a capital intensive retail sector like Jio , Airtel in Telcom or a Indigo/Jet in Airlines . Edited May 10, 2018 by jusarrived Link to comment Share on other sites More sharing options...
kira Posted May 10, 2018 Share Posted May 10, 2018 Flipkart was always a poor man's amazon, these bansals stole the idea from amazon, pity that most Indian startups are copies of western ideas. Link to comment Share on other sites More sharing options...
Scar Posted May 13, 2018 Share Posted May 13, 2018 Walmart will be pumping 2-3 billion dollars more into flipkart I heard. Will be major competition to amazon in India. Link to comment Share on other sites More sharing options...
Mariyam Posted May 15, 2018 Share Posted May 15, 2018 @BeardedAladdin Flipkart isn't an Indian company. For a variety of reasons, mainly to do with avoidance of double taxation and a lower corporate tax rate, Flipkart is registered in Singapore. Turning_track 1 Link to comment Share on other sites More sharing options...
Straight Drive Posted May 16, 2018 Share Posted May 16, 2018 Needs to be seen whether the new management can turn this into a profitable business. Link to comment Share on other sites More sharing options...
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