Walmart’s Fl(IPO)kart moment
Finally, the moment-in-the-sun for the Indian startup ecosystem seems to be on the horizon. And this is why the fate of Flipkart's maiden IPO—that too worth $10 billion— matters.
Finally, the moment-in-the-sun for the Indian startup ecosystem seems to be on the horizon. And this is why the fate of Flipkart's maiden IPO—that too worth $10 billion— matters.
The BJP-led Union government introduces changes to FDI norms in e-commerce to create a level-playing field. Industry watchers say the move is in view of the upcoming general election.
Besides creating a facilitative environment for e-commerce, the draft seeks to put homegrown players on an equal footing with global players.