Walmart 'absolutely' underpaid for Flipkart: Binny Bansal
Flipkart Co-founder and Group CEO Binny Bansal said American retail chain Walmart "absolutely" underpaid for the e-commerce startup's 77% stake in the $16 billion deal. "That'll be very clear 5-10 years down the line," he added. "For Walmart, it made sense to partner with Flipkart. Flipkart was the only option (for Walmart) to make a play in India," Bansal said.