Google reportedly investing $3B in Flipkart. Thoughts?
https://factordaily.com/walmart-to-buy-73-per-cent-of-flipkart/ Still not confirmed. But it’s massive. They have also put sizable chunk (not remotely as much) in Go-Jek and spare change in a couple of other startups. These are all google investments, not GV or CapitalG. Any google people have any ideas, what’s the strategy? PS article does say Alphabet not Google
FactorDaily
Isnt flipkart backed by alibaba?
No SoftBank. Alibaba backed Snapdeal before and now owns majority of Paytm Mall
But with the SoftBank alibaba connection, always thought they would merge Flipkart and Paytm. But I guess thanks to the sprint debacle, Masa has woken back up to reality
Relationships lol
Companies are people too Twitch
And I hear Walmart found Flipkart on Badoo. Hence the tag
Not surprising.. Google is trying to enter every market where Amazon is present.. smart speaker, google cloud, now they are trying their hand in online retail in one of the fastest growing retail market etc etc..
IMHO other only "right" way forward for Flipkart is to join Amazon. I don't see how any other option will allow them to survive in the very long term. I think given the complexities of the Indian market, Walmart will shut down Flipkart in less than 10 years. It will be a bad way to go down for the iconic Indian company.
Walmart might not know how to survive in complex world of India.. but Flipkart and their execs very well know.. their combined power would be a huge deal to tackle for Amzn..
One more hopeless gamble