Yet Another Indian Dream sold!

Flipkart is sold. It has been sold to Walmart, which is acquiring the Indian e-commerce company after valuing it for $ 20 billion.1 min


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“Sadly my work here is done and after 10 years, it’s time to hand over the baton and move on from Flipkart, said the co-founder and the group’s Chairman.

American retail giant Walmart inc picked up 77% stakes in Flipkart. The deal values the 11-year old Indian e-commerce firm at $20.8 billion.

This isn’t a straight-up deal because the US retailer is enlisting strategic allies as it takes its fight to Amazon in a big competitive market like India.

Online sellers on Flipkart are jittery because Walmart can wipe them off. Walmart has a reputation for killing small businesses with ultra-low prices.

To catch the full story, follow  Flipkart cheques out | Knappily


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