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Walmart may own a huge chunk of Flipkart India

Walmart may soon be the largest investor in Flipkart. The deal may push the valuation of Flipkart to about 20 billion dollars.

If completed, the deal would give Walmart a major stake in an emerging e-commerce market of 1.3 billion people. The US Company is the world’s largest retailer but has struggled against Amazon as consumers increasingly migrate to online commerce.

Tiger and SoftBank are currently the startup’s largest shareholders. If the deal goes through, it would be the biggest in the nascent history of Indian e-commerce. Walmart plans to buy about a third of Flipkart Online Services in part by purchasing stakes from Tiger Global Management and SoftBank. Walmart is still working through the negotiations of its stock purchase. SoftBank, which has made more than 100 billion dollars off of its investment in Alibaba, wants to retain a substantial stake in Flipkart and avoid giving up too much of its existing shares. Tiger Global would like to hold onto at least a small Flipkart stake after Walmart comes in.

Walmart’s backing would fortify Flipkart as it faces its own challenge from Amazon.

India is one of the most promising online retail markets. India is the next big potential prize after the US and China.

 
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