May 04

Walmart Buys 75% Share of Flipkart, India’s Largest Ecommerce Platform

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Flipkart must feel like the belle of the ecommerce ball. FlipKart, the Indian ecommerce marketplace, “has approved an agreement to sell about 75 percent of the company to a Walmart Inc.-led group for approximately $15 billion,” according to Bloomberg. Flipkart generated $3.1 billion in revenue last year. Walmart said it had no comment. This comes…

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