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

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,.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *