$16 bn Flipkart deal makes no sense: Indiaplaza Founder
Talking about the $16-billion Flipkart-Walmart deal, Co-founder of India's first e-commerce website Indiaplaza.com K Vaitheeswaran said the deal made no sense. Referring to Amazon building a "solid business in India", he also said, "Walmart should have taken a similar stance and launched Walmart.com." By investing $4-5 billion in two years, Walmart would have been ahead of Flipkart, he added.