Dilemma of a Flipkart Fan: Be Happy or Sad about its Walmart Buyout?

Once upon a time there used to be questions: What have IITans given to India - Tata, Birla, Ambani - none were from IITs. Flipkart, founded by two IIT Delhi engineers was an answer to that. 

Why can't Indians build a Google, a Microsoft or an Amazon? Flipkart, India's biggest online store, was answer to that.

Will e-businesses succeed in India where there is a large population of uneducated and rural people? Flipkart with valuation of $20 Billion gave answer to that.

Do you need to be born with a silver spoon in mouth to make it big in India? Flipkart founder Sachin Bansal getting Rs 7000 Crores for his 5% stake in the company gave answer to that. 

In just 11 years, Flipkart became so big that Walmart has paid $16 Billion i.e Rs 1 Lakh Crores to buy its 77% stake! 

But still, this is one more flag down, one more dream run getting over, and one more India's success story interrupted for the time being.

Maybe it is time to switch to Snapdeal. And more wait to see next Microsoft, Google or Walmart from India. 

- Rahul Tiwary

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