Interesting read – don’t know much about Lee Fixel.
He made some coin on this though.
It seems to me if that if the founders were left alone on FlipKart – none of this would have ever happened.
Still remains to be seen what a post WalMart world will look like.
Depending on the final details, Fixel could make more than $3.5 billion on an investment of less than $1 billion, and still retain a 4-5% stake in Flipkart. That’s a stunning return by any measure. For the exit-starved Indian market, it’s almost beyond belief.