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At Amazon, we were not working with the e-commerce division but with the Web services team. We started Flipkart completely from scrap. Moreover, the whole shopping behaviour and infrastructure challenges in the Indian market were different from that in the U.S. and European markets.

I will never sell Flipkart.

Companies have to be innovative in leading with values the same way they have to be innovative in their products and services.

From an app point of view, if you looked at innovation on the PC, you'd be hard pressed to find companies innovating. The list is small.

Anytime there is a new, interesting space that comes along, there are a bunch of companies that enter the market.

Valuation depends on several factors. From an investor angle, they look at leadership position, management, and what the company's offerings are. I think these three things got 5/5 for a company like Flipkart, and that is what is driving valuations and growth.

All the biggest companies are based on a founder who had a need, hacked it together, and said, 'Hey, other people might want this.'

I have shifted my mindset in terms of how companies should... focus on building amazing products. If you have amazing products, the marketing of those products is trivial.

I come from the operations side of the business, and I buy companies to operate them, not to flip them.

The big companies are like, It's so good but we don't know how to market it.