Walmart International spent $16 billion to go big in India. CEO Judith McKenna has to make it work – CNN
Was talking to a friend about India and VC – one thing we all agree on is that the monster exit of Flipkart has done wonders for the scene. Lots of people made money and it is going to new firms and new startups which helps to compete with the old guard. More foreign funds will pay attention now knowing exits can and will happen.
However – making investors, founders and employees rich has nothing to do with Walmart turning Flipkart into a money machine.
On this part -I think they will struggle long-term against Amazon.
Get the popcorn.