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Which global retailer bought 77% of Flipkart for over 16 billion US dollars in 2018?

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Which global retailer bought 77% of Flipkart for over 16 billion US dollars in 2018?
posted Sep 4, 2018 by anonymous

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Walmart Inc

Walmart Inc has agreed to pay $16 billion for a 77% stake in Flipkart, valuing India’s largest start-up at about $21 billion in what is one of the biggest acquisitions in the country.

The deal will redraw the retail landscape in India as Walmart takes its battle in the US with arch-rival Amazon to the world’s fastest-growing major economy. It will also give a massive boost to entrepreneurship and the start-up ecosystem in India, which has struggled to provide exits.

answer Sep 5, 2018 by Ritika Sharma
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