Flipkart takeover by Walmart

Intro About Flipkart

Flipkart is one of the top E-commerce platform of India. Flipkart was Founded by Sachin Bansal and Binny Bansal in year 2007. The Company brings a revolution of e-commerce business in India. Which is now become one of the biggest industry. Initially Flipkart do start selling books through online. Now all most every product available online.

Journey of Flipkart

Today after this short of journey Flipkart acquired many companies. Like letsby, Myntra to strengthen brand and market value. In 2012 Amazon entered the Indian market and start an online business. And Flipkart faces tough competition.
This never-ending competition was a challenge for management to Survive business. Management decided to sell out stacks of Flipkart.

Flipkart Takeover process

Amazon is a competitor of Flipkart tried to takeover many attempt. After a long going negation with Amazon and Walmart. Walmart win the fight and takeover Flipkart. Flipkart market valuation is approx. $15 Billion. Walmart takes 70% stacks of Flipkart in Cost of $17 Billion.Walmart is one of the largest global retail company in the world. Walmart is the biggest retail business of USA.

Overview of Walmart

Walmart is the world largest company by revenue. Walmart is a hypermarket supermarket retail Multinational Corporation. Founded in 1962 by Sam Walton. Walmart tried many attempts to jump into the Indian retail market. Walmart may face a tough competition by local hypermarket. Like big bazaar, pantaloons, reliance trends, Vmart already established the brand in India. After this acquisition, Walmart may open Flipkart local stores. Which will automatically get a path to capture Indian business. This could be a strategy of Walmart.

Conclusion:

Now the fight begins between both the US-based e-commerce platform in India. A big market in India needs to explore for E-commerce companies.

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