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Rise of India's Biggest Start-up
May 10, 2018

There are no prizes for guessing today's headline news story.

Walmart is expected to close out a deal with Flipkart worth US $16 billion.

Post the deal, Walmart will own 77% of Flipkart. The rise has been staggering for India's largest start-up which started with a modest capital of US$ 6,000 in 2007.

Flipkart's story resembles that of its global counterpart Amazon although at a smaller scale. Walmart's deal highlights India's increasing importance in the start-up space.

It also brings to the fore the importance of disruptors in an eco-system. Flipkart incurred losses of US$ 1.35 billion in FY17. Despite this, it is valued at a premium mainly due to its future potential. About two years ago, we asked a question - Are You Interested in Buying Shares of Flipkart? We now know Walmart's answer. But what about you?

Data Source: Financial Express

This Chart Of The Day was published in The 5 Minute WrapUp - Is Warren Buffett Secretly Planning to Invest in India?

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