Walmart Buys 77% Stake In Flipkart For $16 Billion | Read

  • 7:40
  • Published On: May 09, 2018
Cinema View
Embed
US retailer Walmart Inc on Wednesday acquired a 77 per cent stake in Flipkart for about $16 billion in its biggest acquisition till date. The deal values the 11-year old Indian e-commerce firm at $20.8 billion. Bentonville, Arkansas-based Walmart will acquire about 77 per cent stake in Flipkart, Walmart said in a statement. Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company after the deal. Japan's SoftBank, an investor, will also exit the company by selling its entire 20 per cent stake in Flipkart. Sachin and Binny, who are not related and formerly worked for Amazon.com Inc, like their US rival began by selling books when they founded Flipkart.

Related Videos

Explainer: Why India Needs E-commerce Export Hubs
October 24, 2024 2:35
Best Smartphone Deals of 2024: Amazon & Flipkart
October 05, 2024 4:02
[Partner Content] Why You Should Upgrade to OPPO Reno12 5G
July 24, 2024 12:25
Sponsored | Galaxy F55 5G | Crafted by the Masters | Starting ₹ 24999*
June 07, 2024 0:45
Tech With TG: The Impact of E-Commerce in India
April 27, 2024 18:31
Walmart To Export Goods Worth Rs 80,000 Crore From India In Next 3-4 Years: PM
May 16, 2023 2:29
Flipkart Responds To Notice On Acid Sale
December 19, 2022 2:19
Notices To Flipkart, Amazon. Delhi Teen's Attackers Had Bought Acid Online
December 15, 2022 2:01
Flipkart Launches ‘Flipverse’ VR Shopping Experience: All You Need to Know
October 21, 2022 2:19
Pilot Threatens To Crash Plane In US City, Residents Evacuated
September 03, 2022 0:31
Viral Video: Amazon Parcels Tossed Out Of Train At Railway Station
August 31, 2022 0:34
Viral: Badass Granny Single-handedly Stops Shoplifter At Walmart
February 04, 2022 0:53
  • PM Modi: Culture, Cuisine, Cricket Strengthen India-Guyana Ties
    November 22, 2024 6:52

    PM Modi: Culture, Cuisine, Cricket Strengthen India-Guyana Ties

  • Delhi Continues To Breathe Toxic Air, AQI At 371, Trains Delayed
    November 22, 2024 7:58

    Delhi Continues To Breathe Toxic Air, AQI At 371, Trains Delayed

  • American Weapons For Ukraine: Biden's Calculated Risk Or Provocation To Russia?
    November 22, 2024 4:43

    American Weapons For Ukraine: Biden's Calculated Risk Or Provocation To Russia?

  • Why The Price Of Lab Diamonds Is Falling Faster Than Expected
    November 22, 2024 0:46

    Why The Price Of Lab Diamonds Is Falling Faster Than Expected

  • Why Chocolate Makers Are Turning To India For Expansion
    November 22, 2024 0:48

    Why Chocolate Makers Are Turning To India For Expansion

  • PM Modi Participates In 'Ram Bhajhan' Event In Guyana
    November 22, 2024 0:30

    PM Modi Participates In 'Ram Bhajhan' Event In Guyana

  • Russia's Firing Of ICBM On Ukraine Is Weapon's 1st Combat Use In History
    November 22, 2024 7:14

    Russia's Firing Of ICBM On Ukraine Is Weapon's 1st Combat Use In History

  • 50 Killed, Dozen Injured In Latest Attack On Shia Muslims In Pakistan
    November 22, 2024 1:44

    50 Killed, Dozen Injured In Latest Attack On Shia Muslims In Pakistan

  • "Dark Moment": Israeli Envoy On World Court's 'Arrest Netanyahu Order'
    November 22, 2024 2:46

    "Dark Moment": Israeli Envoy On World Court's 'Arrest Netanyahu Order'

  • Top Headlines Of The Day From Across The Globe: November 22, 2024
    November 22, 2024 1:53

    Top Headlines Of The Day From Across The Globe: November 22, 2024

  • OnePlus Battery Tips and Tricks: Get More Battery Life
    November 22, 2024 2:48

    OnePlus Battery Tips and Tricks: Get More Battery Life

  • PM Modi Enjoys "Ram Bhajan" In Guyana
    November 22, 2024 1:31

    PM Modi Enjoys "Ram Bhajan" In Guyana

  • Netanyahu As World Court Issues Arrest Warrant Against Him: "False And Absurd"
    November 22, 2024 4:43

    Netanyahu As World Court Issues Arrest Warrant Against Him: "False And Absurd"

  • Top Headlines Of The Day: November 22, 2024
    November 22, 2024 1:20

    Top Headlines Of The Day: November 22, 2024

  • Video Allegedly Shows The Moment Russian ICBM Struck Ukraine's Dnipro
    November 22, 2024 0:26

    Video Allegedly Shows The Moment Russian ICBM Struck Ukraine's Dnipro

  • The Biggest Stories Of November 21, 2024
    November 22, 2024 19:42

    The Biggest Stories Of November 21, 2024

  • Donald Trump | US President-Elect Trump Picks TV Stars To Join His Cabinet And Run White House
    November 21, 2024 3:12

    Donald Trump | US President-Elect Trump Picks TV Stars To Join His Cabinet And Run White House

  • PM Talks About 'Chutney Connection' Between India, Guyana In Address
    November 21, 2024 1:05

    PM Talks About 'Chutney Connection' Between India, Guyana In Address

  • Video: Gurugram Man Pulls Gun On Boy, 12, Over Fight With Son During Football
    November 21, 2024 0:39

    Video: Gurugram Man Pulls Gun On Boy, 12, Over Fight With Son During Football

  • How Crucial Is India's Role In The Russia-Ukraine War | India Global Special Broadcast
    November 21, 2024 11:50

    How Crucial Is India's Role In The Russia-Ukraine War | India Global Special Broadcast

  • Russia-Ukraine War: 1,000 Days On | India Global Special Broadcast | NDTV World
    November 21, 2024 22:25

    Russia-Ukraine War: 1,000 Days On | India Global Special Broadcast | NDTV World