Meena: For the online retail market in India, it is good because it will bring [in] not only the money but a lot of expertise in the retail domain. The [online retail] market is small right now...around $20 billion and it is really important we have at least two or three big players [Amazon, Walmart, Alibaba]... to grow this. But from the Walmart point of view, I’m not sure the deal makes sense. But the price is very big… the valuation is almost $19 billion- $20 billion, which is something Amazon might not be ready to pay... It is a success story already whether the valuation is $20 billion or $15 billion, it doesn’t matter.

Source: The Hindu May 06, 2018 15:11 UTC