Walmart will buy Flipkart’s 75% stake in india.
Saturday - May 5, 2018 1:15 pm ,
Category : WTN SPECIAL
Walmart will buy Flipkart’s 75 stake in india.
MAY 05(WTN) - Even You have ever purchased something from Flipkart, then ihis news is for you. US based world’s third largest e-commerce company Walmart ink is going to buy 75 percent stake in India’s number one e-commerce company Flipkart. According to information from sources, Flipkart Board has approved the deal.
Battle between Walmart and Amazon.
After buying Flipkart's 75 percent stake, Walmart's will dominance in the world of e-commerce. Walmart's war with Amazon.com will go forward with this deal with Flipkart. In India's growing e-commerce market, there is a war between these two companies. It is believed that if the deal will be done between Walmart and Flipkart, then it is natural that the difficulty of the Amazon will increase.Let us know that Amazon is the world's largest e-commerce company. Walmart is on numer third after Alibaba. Amazon now wants to strengthen its hold in India. Therefore Amazon has planned to spend thousands of crores to increase its market in India.
Walmart is facing challenge from Amazon.
According to sources, Walmart will buy both existing and new shares of Flipkart. Flipkart's value can be around $ 18 billion from new shares. The value of Flipkart, according to the price of existing shares, will be just about $ 12 billion. Walmart is also investing in Flipkart because Walmart itself is facing challenge from Amazon. American company WalMart Inc is the world's largest retail company, but despite it is behind Amazon in terms of e-commerce. That's because consumers are increasingly shifting to online commerce. After America and China, India is the market with the next big potential. Therefore, the war in foreign companies continues for the Indian market.
MAY 05(WTN) - Even You have ever purchased something from Flipkart, then ihis news is for you. US based world’s third largest e-commerce company Walmart ink is going to buy 75 percent stake in India’s number one e-commerce company Flipkart. According to information from sources, Flipkart Board has approved the deal.
Battle between Walmart and Amazon.
After buying Flipkart's 75 percent stake, Walmart's will dominance in the world of e-commerce. Walmart's war with Amazon.com will go forward with this deal with Flipkart. In India's growing e-commerce market, there is a war between these two companies. It is believed that if the deal will be done between Walmart and Flipkart, then it is natural that the difficulty of the Amazon will increase.Let us know that Amazon is the world's largest e-commerce company. Walmart is on numer third after Alibaba. Amazon now wants to strengthen its hold in India. Therefore Amazon has planned to spend thousands of crores to increase its market in India.
Walmart is facing challenge from Amazon.
According to sources, Walmart will buy both existing and new shares of Flipkart. Flipkart's value can be around $ 18 billion from new shares. The value of Flipkart, according to the price of existing shares, will be just about $ 12 billion. Walmart is also investing in Flipkart because Walmart itself is facing challenge from Amazon. American company WalMart Inc is the world's largest retail company, but despite it is behind Amazon in terms of e-commerce. That's because consumers are increasingly shifting to online commerce. After America and China, India is the market with the next big potential. Therefore, the war in foreign companies continues for the Indian market.
