Walmart-Flipkart $15 billion deal

There is a literally financial turf war among two world's biggest retail giant of America Walmart's and Amazon in India. Walmart is closed the deal with 75% stake in Flipkart, amidst the speculations of exits of co-founders of the SoftBank-backed e-commerce marketplace.The biggest e-commerce business in India has closed for $15 billion.The sale values Indian e-commerce market leader at around $20 billion. With this India has become the main battleground for Walmart and Amazon, each of which lost out on the world’s largest e-commerce market - China. A question comes why these two global giants are targeting India as a opportunity geography, reason could be of population of 1.3 billion that is expected to surpass China’s in the coming years.


Amazon reportedly offered to buy a 60% stake in Flipkart on Monday, a deal that would have included $2 billion to cover the “breakup fee” Flipkart would have had to pay Walmart for pulling out of the deal. Amazon declined to issue a statement on the report, saying it does not comment on rumors and speculation.People familiar with the negotiations said Walmart has been keen on retaining only one of the two founders.World Grocery market is getting more dynamic and the delivery has become a prime front in the battle between Walmart and e-commerce rival Amazon....Read More

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