Distracting to raise capital frequently: Flipkart on Walmart deal
Flipkart Group CEO Binny Bansal, while explaining the reason behind accepting the $16 billion Walmart deal, said the e-commerce startup needed a "long-term strategic partner" to focus on areas that really matter. Having to raise capital in short intervals from investors "distracts you from the business" and "you also have to manage the numbers", the Flipkart co-founder added.