Walmart believes in what Flipkart is betting on and the US retail giant is wholeheartedly supporting the strategy of the Indian etailer, said Binny Bansal, co-founder of the company.

The deal worked well for both the parties and Flipkart gave Walmart a foothold in India, Bansal said.

On PhonePe, Bansal said the excitement comes from the opportunity, and if you were to take a 10-year view to PhonePe then it could be a bigger opportunity than ecommerce. "Fintech could be way bigger from the number of users’ perspective and EBITDA perspective than ecommerce," he said.

On startups, he said they go through a different journey every 3-4 years from a talent perspective.

First Published:Nov 1, 2018 11:13 PM IST