Walmart Closes in on Deal with Flipkart

Content Manager

Walmart is likely to close in on purchasing Indian ecommerce company Flipkart by the end of June.  Reuters reported this move could be Walmart’s biggest acquisition of an online business and Reuters reported Walmart has made a proposal to purchase 51% or more of Flipkart’s business, valuing the acquisition between $10 billion and $12 billion.

As Reuters reported, the deal could step up the battle between Amazon and Walmart for a bigger share of India’s ecommerce market, which is estimated to be worth $200 billion in the next decade.

Forbes reported that an Amazon and Flipkart deal could face scrutiny from the Competition Commission of India since together Amazon and Flipkart could monopolize India’s ecommerce.

Walmart will buy both new and existing Flipkart shares, with existing shares valuing the company at $12 billion and future shares expected to value the Bengaluru-based firm at least $18 billion.

For the full Reuters article, click here.

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.