Walmart may be in pole position ahead of Amazon to buy Flipkart – Feedback

Walmart looks likely to take the next round in the battle for India’s retail market over rival Amazon.com.

Flipkart Online Services, India’s leading e-commerce company is leaning toward selling a controlling stake to the Bentonville, Arkansas-based company, rather than Amazon, because of the greater certainty in such a deal, according to people familiar with the matter. Both US companies are bidding for a controlling stake in Flipkart at a valuation of about $20 billion,.

https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/walmart-may-be-in-pole-position-ahead-of-amazon-to-buy-flipkart/articleshow/63723823.cms

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