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Walmart Leads New $1.2 Billion Investment in Flipkart in Battle for India’s Wallet

From new denim constructions, weights and washes to the steps global mills are taking to reduce impact, Rivet's SS23 In Season Look Book: Denim & Trims has everything you need to know for a successful denim season.

Walmart is upping its stake in Flipkart, leading a new $1.2 billion financing round in the Indian e-commerce powerhouse. The funding comes two years after the U.S. retail giant acquired a 77 percent stake in the Flipkart for $16 billion. With the investment, Flipkart is now valued at $24.9 billion. Flipkart, which competes neck-and-neck with Amazon in…

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