WALMART's Interest in India

Hema Hema: From WALMART standpoint, what this deal shows is the company's willingness to deepen its bet on India. Tiger was an early investor in Flipkart back in 2009, getting in at like a $42 million valuation. What this deal lets them do is in this environment when there are so few IPOs, it helps them provide distributions to their investors and provide a return to them.