Walmart’s acquisition of Flipkart has created shockwaves in India, with the realization that the vast majority of its $16 billion price will go to foreign investors, namely Tiger Global, SoftBank, Naspers, and Accel Partners. Now Indian investors are kicking themselves for missing out on the largest e-commerce exit ever. And they have no one to blame but themselves: Flipkart tried very hard to raise money locally but was ridiculed and turned away, forcing it to turn to foreign giants.
Image: Flipkart - Image Credit: Paul Sawers / VentureBeat
