Walmart-Flipkart Deal: This E-Commerce Entrepreneur Says Walmart Bailed Out Flipkart Investors, No Value In Deal

Walmart Inc, which will pick up a controlling stake in Flipkart Ltd., has bailed out the big investors of India’s largest online retailer amid intense competition from Amazon.com Inc, according to K Vaitheeswaran, founder of the country’s first e-commerce website Fabmart.com (rebranded Indiaplaza.com).

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