Two weeks ago, Walmart href = "https://news.com/2018/05/09/walmart-confirms-16b-flipkart-investment-giving-it-77-in-indias-e-commerce-leader/"> We have invested in acquiring the controlling interest of Flipkart.
This is one of the world's largest transactions in e-commerce and internet space, and Wal-Mart promised close to 77% of stock close to US $ 16 billion at closing. As part of this transaction, my company Naspers completely withdrew and sold 11.18% of the stock for $ 2.2 billion.
Naspers collects a wealth of information in addition to clear financial success (3.6 times or absolute revenue of 1.6 billion in 6 years) which is one of the greatest success stories in India and the global e-commerce market .
Our trip at Flipkart Please help us to develop partnerships with entrepreneurs and to create advanced technology companies in the future.
I was fortunate to be at the forefront of Flipkart in the last 6 years, leading our various investment series and being appointed as a director of Naspers. Here is an important lesson I should remember:
Pursue big market opportunities and solve big problems
Ecommerce is an obvious global trend in all markets of the world. The possibility of Indian e-commerce is obvious and the total retail market is over $ 500 billion. Before…
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What I learned from Flipkart - News
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