India : Wal-Mart invests US$ 16 billion in the e-retailer Flipkart

An article by Sophie Baqué

Publication

25 May 2018 à 18h39

Updated on 4 August 2023 à 18h11

Reading time

2 minutes

Publication: 25 May 2018 à 18h39, Updated on 4 August 2023 à 18h11

Reading time: 2 minutes

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An article by Sophie Baqué

Publication

25 May 2018 à 18h39

Updated on 4 August 2023 à 18h11

Reading time

2 minutes

Publication: 25 May 2018 à 18h39, Updated on 4 August 2023 à 18h11

Reading time: 2 minutes

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Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
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As Walmart scales back in Brazil and in the U.K. the world’ largest retailer by sales has just signed a US$16 billion deal for 77% of Flipkart, India’s fast-growing e-merchant. The firm was launched during 2007 in Bangalore, selling a range of products from books, smartphones, selfie sticks and jewellery. This deal, about 5 time more than the U.S. website Jet.com for US$3.3 billion, shows that Wal-Mart considers India as a long-term strategic market. “I believe Wal-Mart made a very smart...

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Featured image of the article Sophie Baqué
Sophie Baqué
Featured image of the article Sophie Baqué
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