Walmart in discussions over the purchase of a 40% stake in Flipkart

By Pouyan Broukhim

US retail giant Walmart is reportedly in talks to purchase a stake of over 40% in Flipkart, a leading Asian ecommerce platform, in the aim of challenging Amazon within India.

Amazon has turned significant attention towards India in recent times as Asia’s third biggest ecommerce market, most recently having made its echo devices available to all of its customers across the country.

See also:

The news of Walmart’s potential investment comes from Reuters, citing two sources familiar with the matter, stating that terms of the deal have not yet been disclosed.

However, it is believed that if the talks come to fruition then it will be one of Walmart’s largest international deals, with Flipkart being valued at over $12bn following a $2.5bn investment from SoftBank’s Vision Fund for approximately a 20% stake in the company last year.

The deal would be a significant statement from Walmart in pursuing its strategy of moving more readily into ecommerce, with the retailer having also acquired for $3bn last month.


Featured Articles

Top 10 wealthiest billionaires in the US

Business Chief provides a rundown of the top 10 richest billionaires in the US based on the most recent Forbes 400 list, which is published every year

Top 10 easiest countries in the world to do business

Business Chief takes a look at the top 10 places in the world to do business, according to TMF Group's Global Business Complexity Index (GBCI) for 2023

Patagonia Chair Charles Conn on becoming an imperfectionist

Entrepreneur and Patagonia Chair Charles Conn talks to Business Chief about rethinking strategy amid uncertainty, and why an imperfectionist approach works

Top 10 most valuable brands in the world – Amazon to TikTok

Corporate Finance

Four priorities for new Twitter CEO Linda Yaccarino

Leadership & Strategy

Top 10 shifts transforming organisations – McKinsey & Co

Leadership & Strategy