Tuesday, 5 September, 2023

Walmart Invests $3.5 Billion to Expand Stake in Flipkart in 2023

Walmart has dedicated $3.5 billion this year to bolster its ownership stake in Flipkart, India's leading e-commerce platform. This strategic investment highlights Walmart's commitment to the growing Indian e-commerce market and its confidence in Flipkart's potential for further growth. The move strengthens Walmart's position in the competitive online retail landscape and underscores its long-term partnership with Flipkart in the Indian retail sector.