Walmart is selling its India store chain to its local ecommerce subsidiary, Flipkart, bolstering Flipkart’s wholesale arm and strengthening its market position amid growing competition with Amazon. The acquisition will allow Flipkart to take advantage of Walmart’s 28 cash-and-carry clubs, which it runs under the Best Price brand. The terms of the deal were not disclosed. Best Price has more than...
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The Takeaway
“It’s Hard to Know Where It Stops”

There are weeks when I read the news and think, “Really? Can all of this be happening?” Nowadays, I’m referring to the wild west of the startup and VC business, which is getting more insane by the term sheet. This week you saw unbelievable stories of rising prices, documented here by Kate. At the same time, there were important cautionary tales about the downsides of excessive...
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