World's Biggest eCommerce Deal Done.. Walmart buys 77% stake in Bengaluru-based Flipkart for $16 bn, a valuation of over $20 billion.
Subject to regulatory approval in India, Walmart will pay approximately $16 billion for an initial stake of approximately 77 percent in Flipkart, formally Flipkart Private Limited. While the immediate focus will be on serving customers and growing the business, Walmart supports Flipkart’s ambition to transition into a publicly-listed, majority-owned subsidiary in the future.
It could be a Win-win situation for Indian Online Buyers as we can see a fresh war in Summer Vacation, As Amazon already Infuses $385.7 Mn(INR2,600 Cr) For Trade War with Flipkart-Walmart.
Subject to regulatory approval in India, Walmart will pay approximately $16 billion for an initial stake of approximately 77 percent in Flipkart, formally Flipkart Private Limited. While the immediate focus will be on serving customers and growing the business, Walmart supports Flipkart’s ambition to transition into a publicly-listed, majority-owned subsidiary in the future.
It could be a Win-win situation for Indian Online Buyers as we can see a fresh war in Summer Vacation, As Amazon already Infuses $385.7 Mn(INR2,600 Cr) For Trade War with Flipkart-Walmart.
As data shared with the corporate affairs ministry. Amazon is pumping fresh capital into Amazon Seller Services, its India unit, to gear up for the trade war against domestic rival Flipkart-walmart. Amazon Corporate Holdings and Amazon.com Inc have allocated $385.7 Mn (INR2,600 Cr) investment to the Indian marketplace unit.
We have already seen Fresh Investment of Rs 3,000 crore from SoftBank into Paytm Mall (backed by Alibaba)
As every online Marketplace want to put the hold on Indian e-commerce Market, it could be interesting to see how other players apart from Amazon and PaytmMall will see this movement and handle their existing customer base.
Brainguru Team Hope that we can see fresh competition in Mobile Market and White Goods, it can also impact on our traditional Brick and Mortar, Hope our Indian Govt can put some hold on this and give some relief to our traditional businessman which is already feeling uneasy after demonetization and GST Release.
We can also see some fresh investment in e-commerce business in coming days as Indian Big Business families also eying on this.
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