Gold Silver Reports (GSR) – Flipkart to Burn Through $2 Billion Cash in 18 Months, in Battle with Amazon — Flipkart Ltd is likely to burn through as much as $2 billion in cash over the next 18 months—an affirmation that sales growth, rather than cutting losses, remains the top priority for India’s largest online retailer after its takeover by Walmart Inc.
Gold Silver Reports (GSR) – Walmart Close to $12 Billion-Plus Deal for Flipkart – All the major investors in Flipkart Online Services Pvt are now on board with the Walmart purchase, after an earlier debate over an Amazon.com Inc. acquisition, said the people, asking not to be named because the matter is private. Tiger Global Management will sell nearly all its 20 percent stake in Flipkart, while SoftBank Group Corp. will offload a substantial part of its 20 percent-plus holding, the people said. Walmart will likely end up with 60 percent to 80 percent of Flipkart, valued at about $20 billion, they said.
Gold Silver Reports (GSR) – India’s Biggest E-Commerce Flipkart Needs Walmart to contend with Amazon; Incredible Patience and lots of Capital. An acquisition by Walmart will give the Indian unicorn a “second life”, he told BloombergQuint in an interview. “Head to head, Flipkart has no chance to get Amazon. Over time, Amazon would have outlasted them.”
Gold Silver Reports (GSR) – Indian IT Companies Are Ageing, Says Aswath Damodaran — “Indian IT companies are not dying, but ageing”, and companies like Infosys Ltd. need to come to terms with that, Damodaran, adding that only some companies will be able to adapt to the changes.