[notahacker]

Sure, but there are not many people or investment funds willing to buyout $1 billion worth of equity in an Indian company, particularly not a pre-profit one whose assets are largely digital. Silicon Valley accounting doesn't apply, and a lot of restrictions on foreign investors do.

If your fund needs to achieve the largest IPO in a country's history to achieve an acceptable ROI, your limited partners had better be patient, or your growth trajectory spectacular.

In this case, since they apparently already own a huge percentage of the market, its a spectacular growth trajectory that involves getting Indians to buy a lot more online... which given that Indians with disposal income have had internet access for a while now might not be straightforward.

[seanflyon]

India is a rapid growth market. Amazon is worth $150 billion If FK can win that market in India and potentially expand to China as disposable income in the area grows, then these investors will see a large return.

At $1 billion this seems like a big gamble, but it does not seem like a naive or short sighted one.