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“NEW DISRUPTIVE BUSINESS MODELS MAY ENTER E-MARKET” FLIPKART WALMART DEAL BREED NEW GENERATION ENTREPRENEURS “SOURCES 90% OF PRODUCTS LOCALLY”

 
 
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“NEW DISRUPTIVE BUSINESS MODELS MAY ENTER E-MARKET” FLIPKART WALMART DEAL BREED NEW GENERATION ENTREPRENEURS “SOURCES 90% OF PRODUCTS LOCALLY”
by System Administrator - Friday, 11 May 2018, 11:00 PM
 

By: M.S.Yatnatti: Editor and Video Journalist Bengaluru: Era of disruptions or get disrupted. It is evident that the Walmart- Flipkart deal will re-energize the startup ecosystem in India even as global investors will likely gain confidence after seeing the first such liquidity event take place locally. Investors who have ploughed billions of dollars in local startups, especially post 2014, but haven't witnessed many exits, will now want to take new bets, several local startups are reportedly coming with new disrrutive business models whvh will take on Amazon and Wallmart in E-Commerce Platform . Elaborating on what the Walmart partnership offers Flipkart, reportedly Binny said the company will take more long term decisions that weren't possible to take as a VC-driven company. Flipkart will make more and bigger acquisitions in future, especially those that add to the capabilities that the company wants to build to grow. Kalyan Krishnamurthy, CEO of Flipkart, said the company will look to correct the 'bias' in the ecommerce growth in India which has been primarily driven by electronics and fashion. He expects groceries and furniture to be among the new growth drivers for Flipkart. Binny emphasised the importance of the Walmart deal for India's startup ecosystem. "It's a huge win for the ecosystem. Flipkart had the best of VCs and private equity; now we have the best partner. The deal will act like a flywheel for the country's startup environment,” he said.