Walmart is considering an investment in Flipkart to better compete in India
Wednesday, February 7, 2018
Walmart is thinking about acquiring a 15% to 20% stake in Indian e-commerce company Flipkart, sources told Reuters.
The two have reportedly negotiated on and off over the last two years, which led Reuters to report on talks between them in September 2016. A stake as big as 20% could be quite expensive for Walmart, which may be an obstacle in coming to an agreement this time around, according to Reuters’ sources.
The investment would signify that Walmart wants to get involved in e-commerce in India. Walmart opened its first store in India in 2009, and it now operates 21 locations and has a business-to-business (B2B) e-commerce platform, but it isn’t a major player in India’s e-commerce industry.
Photo courtesy of Meena Kadri.