The much-awaited Flipkart-Walmart deal is now official. US retail giant Walmart has picked up 77 percent stake in Flipkart for $16 billion, valuing it at $20 billion. With this move, it becomes the world’s largest retail deal. The Flipkart-Walmart investment also includes $2 billion of new equity funding. While the remaining stake will be held …
Tag: Flipkart Walmart Deal
Apr 16
[Analysis] The Flipkart Deal – Is it going to be Flipkart-Walmart or Flipkart-Amazon ?
India’s most valued startup and largest eCommerce player, Flipkart, currently valued at $12 billion, is already in the news for sometime regarding the ‘Flipkart-Walmart’ deal. Flipkart was founded in 2007 by former Amazon employees, Binny Bansal and Sachin Bansal (not related). As per various Media reports, Walmart, world’s largest offline retailer is interested to purchase …
