Flipkart deal a change from financial to strategic: Biyani
Talking about Walmart's $16-billion deal with Flipkart, Future Group CEO Kishore Biyani said, "I think it is a change of hands from a financial investor to a strategic investor." Further, referring to the deal's significance, he said, "It is a combination of online and offline... happening all over the world and we are seeing this combination happen in India also."