Walmart obtains 77% of Indian e-commerce company - Flipkart

Walmart bought 77% of Flipkart aiming to support the Flipkart’s transition for a subsidiary list on the stock exchange. Additionally, they also expect that the Indian e-commerce market grows 4 times than the retail industries.

According to Walrmart’s President & CEO, “India is one of the most attractive countries of the retail world because of its size and growth’s rhythm, and our investment is an opportunity to be partners of the company that leads the e-commerce change in this market”.