Let's deconstruct the lies surrounding the Flipkart-Walmart deal. The truth is that close to $14 billion of the $16-billion deal could flow to Japan, USA, China & South Africa – India only gets a measly couple of billion dollars.
Video: The Quint
Music: Big Bang Fuzz
Actually they did a good thing by selling to Walmart.... Coz in the long run they were for sure going to loose to Amazon...they had to limit to burn cash..and could not compete with Amazon in doing that... And please do not compare them with Chinese ones... Chinese startups have the capacity to compete with American one's..and also have their own funds...but in India there are only a handful of unicorn startups...and for names sake only they are Indian... Coz they are Indian startups owned by Chinese,Japanese, American,European investors...
Indian government is a piece of garbage.
Stupid socialists, always trying to copy China but never understanding economics and free markets.
Just look at the ridiculously high tariffs the government places on anything even remotely foreign.
Why will foreign companies invest when the piece of crap Indian government makes it infinitely more difficult for them to? And then the government whines about black money this and that for votes and wants everyone to pay higher taxes 🤦🏻♂️
Which things Indian Government doing well? Excuse me Bloody Indian government, AIR INDIA IN LOSE, TYCOON TAKE HUGE LOANS FROM PUBLIC SECTOR AND RUN AWAY, FARMERS MUST DO SUSITE, EVERY SINGLE PROJECT IS JUST ON PAPER AND ONLY FOR ALLOCATION OF TREMENDOUS AMOUNT OF MONEY , ARMY MUST BAG FOR BULLET PROOF JACKET AND ENOUGH WEAPONS, AVERAGE PERSON MUST PAY TAX AND GET FUCK WELL DAILY.
After reading this I think I think you would change your thinking!!
I think its the current incumbents like amabanis, tatas, birlas, godrejs etc who decide the business policies. So that they can stay in power. Clearly these companies are trash on the world stage. There is so much potential but these fuckers and the politicians who lick their assholes dont care. They will hav to wake up, compete at the world stage if these companies want to create world class products.
Wow ! so this is how propaganda works. I am simply amazed at how many people in the comments section here started criticizing government at once without even checking the facts once. The narrator intentionally left out the details of how the founders of Flipkart (yes, I am taking about Sachin Bansal) took irrational decisions (like focusing only on mobile app etc.) and pissing off the VC/Angel Investors with his incompetency in running the business specially when competition started to shot up with the entry of Amazon. Now, coming to money flowing out of India, the narrator is oblivious of the fact that they are the same companies from Japan/US/SA that invested in the Flipkart during the initial days, so its there very right to enjoy the spoils of the war. What about the billions of $ they have been investing in the Flipkart since 2010 ? If you consider that equity investment + the investment from Walmart, India probably gained somewhere around 4-5 Billion $ which although less than the total value of the company but still a pretty big dollar amount that flowed directly to India. Every country has its challenges, in fact many big US companies are also registered in other countries (for example, Apple, Accenture etc.) so that doesn't mean government is hell bent on destroying them.
How can you say that the flipkart has to flip to singapore due to bureaucratic hurdles... Aren't other companies in India flourish under the same rules... What if they had flipped the company to singapore for avoiding taxes and perform round tripping... But you won't mention that... Because all your videos are biased and show only one side of the coin... About the listing of indian companies on foreign markets, the government had allowed doing it in 2013 and before that the govt didn't allow ot due to some reasons... When you mention something to your viewers please also mention the reasons behind doing so from government perspective also.. Don't just try to force upon your own opinions on viewers... Let them decide at the end...
What is again the point of the video? Is he saying that pure market economics of who shall survive and who shall not should be governed by Government? are we back to the pre 1990 model of economics. Everyone in India knows that the services provided by Amazon is better than Flipkart simply because Amazon has deeper pockets and longer experience, so Flipkart could have actually failed so this acquisition was good, the only way this could have been prevented if the Govt. restricted Amazon from coming to India or restricting its expansion, is that what we really want now. The Quint likes to salute entrepreneurs but at the same time is supporting a closed economy, also why shall a government micro manage deals in the market, pretty suspicious.
I HAVE CREATED TECHNOLOGIES THAT CAN CHEW SPIT SILICON VALLEY'S EXISTING+FUTURE TECH FIRMS! EVERY INDIAN ANGEL INVESTOR IS TYPICAL KANJOOS WHO WANTS TO SUCK IDEAS FOR FREE AND IS SCARED OF SIGNING BILATERAL NDAS, HAHAHA 1ST SIGN TO BLOCK SUCH ANGEL INVESTORS.
Rubbish. The facts tat this chutiya is giving is a complete lie. It has nothing to do with the government, and everything to do with business ethos.
Plp who r really interested to know the facts plz go thru this article : https://www.google.co.in/amp/s/m.economictimes.com/small-biz/startups/newsbuzz/walmart-acquires-flipkart-for-16-bn-worlds-largest-ecommerce-deal/amp_articleshow/64095145.cms
Actually Raghav Flipkart is not getting much profit & they are getting direct competition from Amazon so to counter it they thought it is good idea to get a big player in the market who can challenge Amazon in online marketplace. Yeah they should have gone through this phase but from outside everything looks easier.
Because had they done the exact 5 points you mention sir in the end you would have been standing there and reading those exact same points and saying shame on you government of india for being in the pocket of corporates.
Don't you guys think that if gov make those necessary policies better, you guys will start calling it as deal happened beetwen the company and the gov and will start calling it as a fishy moves by the gov ?For eg: Demonization and PayTM scenario?
Good oratorship but poor understanding of the e-commerce space. One needs to understand the global players of the e-commerce space and how they were approaching the Indian market. Flipkart was smart to sell as the couldn't continue bleeding money with no sight of loss mitigation. Secondly, no mention was made to how the Indian government made it difficult for foreign companies like amazon to enter India. If these regulations were not there Flipkart would have been trampled a long time back.
Enough shit...now shut up...your entire point is a misleading hyperbole. Here is the raw truth..no sugar coating..you are too old for that. India cares about the overall well being of all her citizens ...which includes the kirana shops and all small retail shops as well...more than 50% FDI in multibrand retail will bring in mammoth foreign investments initially..then they'll splurge huge discounts on everything till all the small businesses are weeded out...then they'll take control of the marker and will have monopoly. Ultimately when they will start making profits and then park the money in some tax haven outside India...and since they will be paying a hefty tax amount, they will try to lobby in the parliament and arm twist the government. But then you care only about your fat cheque for this mosleading propaganda for those who have deep pockets. You cannot be a voice for those who contribute to the economy but do not have a flashy youtube channel or who do not speak contemporary english....you are a vicious parasite pedding as an informed n noble samaritan...you are a text book example of the kind of liberal humanity doesnt need...we do not need tall minarets on a hollow and weak base...
Don't be a dumbass. Flipkart's value would have decreased eventually instead of growing into a half trillion dollar company because of their sub par services and below par quality of products. Anyone would prefer amazon instead of flipkart. So it was a good thing that the company was sold to a foreign entity instead of the Indians bearing the loss. And don't you think that whatever operation cost of the company will come into the country as foreign investment ? And also Mark and others mentioned by you did not have a heavy weight billion dollar company(Amazon) to compete with.
Guys a very one sided article. You guys are entirely missing out on the big picture. At the end, the deal was a good one and will benefit the Indian startup ecosystem in the long run. No me-too startups in India. We need to solve our own problems. Genuine ones and not copy paste the global companies business model. As far as I understand the Bansal boys always wanted to sell and move on. They were reportedly pushing for sale to Amazon. Never wanted to create a 500 billion dollar company in the first place.
Indians are really fools. We are proud of Sundar Pichai as he is an Indian but just imagine there is a road which is in very worst condition, a car who can drive on that road will be able to work on smooth road very easily. The great is car not Road or we can say India. Great road is that where every car can survive i.e. country.
All other countries are looking forward(next 30-50 years) to dominate their empire by globally spreading out and capturing market through trade, whereas we, Indian politicians, are fighting within ourselves for a short-term(5-20 years) power and money.. That's why, I believe, we are still called developing country.
Quint stop your bullshit.
Running website like Flipkart is capital Intensive project,as profit margins are low.
If Flipkart was something in field like Google or Apple or samsung,Flipkart would be running in the hands of Bansals,without requirement of any venture capital.
Stop looking as Flipkart as some value creating business venture like Google,Samsung,Apple,Microsoft.
Amazon rarely makes any profit even after having such huge revenues because this business model is failure..
It can go down any moment.
This is why I strongly believe in speaking the truth. India is an extremely difficult place for startups(esp. e-commerce) to flourish in it's "TRUE" sense yet the young Indians boasts of what an Economic Power (disaster) India is.
Raghav Bahl and the Quaint are true blooded presstitute. I saw him supporting Stone Pelters and slain terrorists on Twitter.
About the 1/2 trillion valuation, it's Amazon g how little he knows about valuation and how start-ups grow. Maybe he should do a little research before writing or saying something absolutely ludicrous.
Jo galti hogya usse sikho aur aage bado. Keep moving forward without whining about problems. Ask yourself tumne kya kia hai first. I don't want to compare my country or even myself with others. I want to focus on present, on my job that's it.
They are not going to be changed that's the truth, so we only have two options either entrepreneurs fight govt ( it would take a long time but they can ) or all of us who are wiser than them should make a politcal party in govt. and make policies better by ourselves But by commenting here we are going to do nothing. ( it includes me also!)
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