Walmart started talks for investment, ended in acquisition : Sachin Bansal - Times of India

Walmart started talks for investment, ended in acquisition : Sachin Bansal - Times of India
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  • Bansal got a loud cheer from attendees when he walked up to the stage on Saturday, and, for the first time, opened up publicly about his exit from Flipkart, following Walmart's purchase of a 77% stake in the Indian startup posterboy for $16 billion.
  • In an ask-me-anything (AMA) interaction at the Unpluggd conference, Bansal said his exit wasn't planned.
  • "It ( Walmart investment in Flipkart) was a big event that was happening and the discussions, the way they started was slightly different from how it ended.
  • It started as an investment, but ended as an acquisition," said Bansal.


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