Flipkart-Walmart Deal Boosts Indian Ecommerce Sector

0
latest startup news - entrepreneurs of India

The recording breaking deal between Flipkart and Walmart where the American retail giant acquired majority stake in India’s top e-tailer has boosted the Indian ecommerce sector. The deal has reportedly triggered a fresh wave of employee interest in the ecommerce/startup sector, which had started rebounding recently.

According to recruiters, investors and industry stakeholders, apart from the positivity generated by the acquisition, the wealth created through employee stock option plans (ESOPs) for Flipkart professionals will likely persuade others who left ecommerce to consider a return to the sector.

“We are seeing a lot of traction, including at leadership levels, to get back to this sector. This includes professionals from FMCG and other traditional sectors, those who had gone back when times were tough,” said Kris Lakshmikanth, managing director, The Head Hunters India.

The faith in ecommerce sector has been restored with Flipkart-Walmart deal. This is likely to bring more potential investment in the segment in coming days.

Web Hosting

LEAVE A REPLY

Please enter your comment!
Please enter your name here