Walmart could help one of India’s top e-commerce start-ups compete with Amazon
Walmart will be in advanced discussions to become the largest shareholder in Indian e-commerce giant Flipkart, according to multiple reports that week, a move which may fortify the startup’s efforts to compete using Amazon.
The U.S. retail giant may purchase approximately a 20 to 26% stake in the Indian firm and increase its shareholding to 51 percent in phases, India’s Economic Times reported Wednesday.
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