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Home / News / Business News / Walmart set to invest up to $1 billion in Flipkart
  • Business

    Walmart set to invest up to $1 billion in Flipkart

    Sneha Johny
    Written by
    Sneha Johny
    Mail
    Last updated on Sep 29, 2016, 06:05 pm
    Walmart set to invest up to $1 billion in Flipkart
  • American retail giant Walmart Store Inc. is in talks to invest up to $1 billion in the Indian e-commerce website Flipkart.

    The investment would translate into Walmart acquiring a minority stake in the Indian company.

    The investment talks come in the wake of rising competition between e-commerce companies for supremacy in the market.

    The terms of the deal were not specified.

  • In this article
    Flipkart Flipkart's rising rivalry with Amazon Walmart set to invest up to $1 billion in Flipkart Analysts highlight Flipart's growing need for partnerships How will the Walmart investment help Flipkart? Flipkart's cushion against rising losses Walmart: Gaining an Indian foothold?
  • About

    Flipkart

    Flipkart
    Credits:
  • Flipkart is one of India's biggest e-commerce players, with its massive online platform valued at over $15 billion.

    The company was founded nine years ago, by ex-Amazon employees, Sachin Bansal and Binny Bansal.

    Currently headquartered in Bengaluru, Karnataka, the company has clocked revenues of over $1.5 billion last year.

    Famous e-commerce portals for fashion like Jabong and Myntra are owned by Flipkart.

  • Competition

    Flipkart's rising rivalry with Amazon

    Flipkart's rising rivalry with Amazon
    Credits:
  • When Amazon entered the bustling Indian e-commerce market in 2013, the stiff competition has forced rising rivalry amongst the companies.

    With billions of dollars in investments and a multitude of investors' stake at hand, Flipkart and Amazon are at a constant battle to gain greater market share.

    Apart from launching mega sales, they continue to battle for exclusive selling rights for different products.

  • 29 Sep 2016

    Walmart set to invest up to $1 billion in Flipkart

    Walmart set to invest up to $1 billion in Flipkart
  • American retail giant Walmart Store Inc. is in talks to invest up to $1 billion in the Indian e-commerce website Flipkart.

    The investment would translate into Walmart acquiring a minority stake in the Indian company.

    The investment talks come in the wake of rising competition between e-commerce companies for supremacy in the market.

    The terms of the deal were not specified.

  • Quote

    Analysts highlight Flipart's growing need for partnerships

  • "With its main competitor Amazon getting very aggressive, Flipkart needs a solid partner to bolster its operations with not just capital but also branding, logistics, sourcing and other retail experience, they won't be able to pull it off with small partners."- Devangshu Dutta, Third Eyesight.

  • Investment benefits

    How will the Walmart investment help Flipkart?

    How will the Walmart investment help Flipkart?
  • Flipkart, pitched to be India's largest online retailer, has come under fire with Amazon stepping up investments in India.

    Amazon has made investments nearing $5 billion in India till date.

    The deal would help inject Flipkart with massive capital to rival the American e-commerce pioneer.

    It would also help the company boost its market share, which is currently dominated by Amazon.

  • Information

    Flipkart's cushion against rising losses

  • The $1 billion capital injection for Flipkart would provide ample support for the company to withstand further losses. Flipkart's losses amounted $448 million in 2015. The investment would be its first after July last year when it raised $700 million.

  • Investment gains

    Walmart: Gaining an Indian foothold?

    Walmart: Gaining an Indian foothold?
  • Walmart, based at Arkansas, has been battling Indian regulations to gain a strong foothold in the country.

    India is touted to be one of the world's largest retail markets, after U.S. and China.

    Walmart had previously ventured into a joint partnership in India with Bharti Group in 2007, but the business failed.

    The Flipkart investment would help Walmart foray into India's e-commerce market.

  • India
  • Flipkart
  • Binny Bansal
  • Sachin Bansal
  • Amazon
  •  
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