Wal-Mart May Join Forces with India’s Flipkart
The Hindu reports that Wal-Mart Stores Inc is negotiating a minority stake in Flipkart, the e-commerce retailer in India, in which it is looking to invest between $750 million and $1 billion. Flipkart has been valued at about $11.5 billion, media reported last month, citing a U.S. regulatory filing from investor VALIC, a Houston, Texas-based division of the American International Group Inc.
Wal-Mart India’s Best Price Wholesale Store
Both Wal-Mart in India and Flipkart declined to comment. Wal-Mart only operates wholesale stores in India, and if the deal does go through, Flipkart and Wal-Mart stand to become Amazon India’s biggest competitor.
Posted on September 29th, 2016
by Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation.
Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject.
He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.