Forget retail, think e-tail
When fledgling e-tailer Flipkart has a valuation that’s more than double that of India’s oldest organised retailer Kishore Biyani’s Future Retail, Future Lifestyle and Pantaloon, you know something big is happening. At R9,300 crore, Flipkart’s valuation is not too far away—around three fourths—from that of India’s 10 biggest listed retailers (Reliance Retail is unlisted, so not in the list).
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