Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

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

Learn how to get a handle on financials, inventory and consumer insights to create a nimble enough supply chain to react in these uncertain times. Join Tentree and Oracle NetSuite Aug. 19 at 2 pm ET.

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…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!