Walmart Seals $16B Flipkart Deal at $20B+ Valuation, Reshaping India's E-Commerce Race
Walmart's formal acquisition of Flipkart intensifies competition against Amazon and Reliance Retail in India's $750 billion retail sector. The landmark deal signals the FDI potential of e-tail, which holds just 2.5% share, and revives calls to reform India's retail FDI policy.
Walmart formally acquires Flipkart at over $20 billion, investing $16 billion, intensifying India e-commerce competition against Amazon and Reliance. Deal signals sector potential and prompts calls to reform India's retail FDI policy.